energy | Egypt Oil & Gas - Part 12
National Bank of Egypt Receives $700m Loan from China
The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors.
Egypt to Receive $1.5b Loan from US Ex-Im Bank for PetroChem, Energy Projects
The Export-Import Bank of the United States (Ex-Im Bank) considers pumping loans of $1.5b to the Egyptian market for projects in petrochemicals, energy, and aviation sectors in the coming period.
Egypt to Sign $575m Loan Agreements with Japan, South Korea
Egypt will sign three concessional loan agreements with Japan and one with South Korea worth a total of $575m to finance projects in energy and transportation.
EGAS Decreases Gas Imports by 7%
The Egyptian Natural Gas Holding Company (EGAS) decreased the volume of imported gas by approximately 7%, to reach 650 mcfd compared to 700 mcfd in January.
Russia to Export Electricity to Azerbaijan, Iran
Azerbaijan, Iran, and Russia are collaborating together to establish an energy corridor, linking the three countries. The corridor will be used to export electricity from Russia to Azerbaijan and Iran.
EBRD’s Investments in Egypt Hit $2b
The European Bank for Reconstruction and Development (EBRD) has invested $2b in Egypt through 32 projects since 2012, according to EBRD Director, Philip ter Woort. Investments of the bank were primarily focused on en ...
African Development Bank Announces $12b for Energy Projects
The African Development Bank Group has unveiled what it calls a “New Deal on Energy for Africa” to develop energy projects worth $12b by 2025.
Sisi to Ink Deals with Japan in Energy, Health & Education
Coordination is underway between the two Egyptian and Japanese sides on projects that will be signed during President Abdel-Fattah El-Sisi's visit to Tokyo next month, informed sources told Al Mal.
