Egypt | Egypt Oil & Gas - Part 417
Egypt Selects 4 Investment Banks for USD Bond Issuance
Egypt’s Ministry of Finance picked four banks to manage a dollar bond issuance, as the country plans to sell $3b to $5b in international bonds during the current fiscal year ending June 30 2017, with the first issuan ...
Moody’s Affirms Egypt’s B3 Rating
Moody’s Investor service affirmed Egypt’s long term and senior unsecured bond rating at a stable B3 in which credit risks face deep structural concerns such as weak government reserves, weak external payment position ...
Oil Minister Changes Management of Mineral Resources Firms
The Egyptian Minister of Petroleum and Mineral Resources, Tarek El Molla announced changes in the management of mineral resources firms, according to a press release.
Scatec Renegotiates PPA with Egypt
A group of developers, including Norway’s Scatec Solar, are renegotiating the terms of their power purchase agreements (PPA) with the Egyptian government in an effort to keep them on the existing timetable.
Kuwaiti Fund Lends $108m for Helwan Power Plant
The Energy and Environment committee to the Egyptian house of representatives approved a $108m loan from the Kuwaiti Fund for Arab Economic Development (KFAED) to fund South Helwan power plant project
RockHopper Buys Egypt’s Beach Petroleum for $11.9m
UK’s RockHopper Exploration bought Beach Petroleum (Egypt) Pty Limited for $11.9m. The acquisition was funded by the company's existing cash resources with Beach Petroleum retaining the majority of of the Egyptian Ge ...
EGAS Tenders 9 Concessions for Exploration
The Egyptian Natural Gas Holding Company (EGAS) will issue a tender for discovery and exploration of oil and gas in 8 to 9 sectors in deep sea waters off the shore of the Mediterranean. This will bring the total numb ...
Egypt to Receive First IMF Installment in September
The $12b loan facility that the International Monetary Fund (IMF) has preliminarily agreed to provide for Egypt will be divided into three tranches, each worth $4b, with the first expected to be paid out as early as ...
