energy | Egypt Oil & Gas - Part 14
US ‘Deeply’ Concerned Nord Stream Pipeline Is Security Threat
The United States is "deeply" concerned about the Nord Stream-2 gas pipeline project as a threat to national security. Many EU governments complain it increases dependency on Russia's Gazprom.
Bahrain to Increase Investments in Egypt
Egypt signed 11 Memoranda of Understanding (MoUs) with Bahrain during the Bahraini-Egyptian Business Forum marking a two-day visit of Bahrain’s King Hamad bin Issa al-Khalifa to Cairo in April.
French President Visits Cairo to Boost Bilateral Economic Ties
French President, Francois Hollande, arrives to Egypt seeking to boost economic ties between the two countries.
Europe’s Banks Hold Fewer Risky Energy Assets Than US Rivals
The energy exposures of the large European banks are moderate and do not present a significant risk to their earnings or capital. However, rising provisions in 2016 will weigh on profitability, Moody's Investors Serv ...
Russia, Morocco Plan to Boost Energy Cooperation
Russia and Morocco are planning to strengthen cooperation in the energy sector, including deliveries of Russian LNG to Morocco, according to a joint statement following talks between Vladimir Putin and King Mohammed ...
Egypt to Get $3b Financial Package from South Korea
South Korea will provide Egypt with a financial package worth $3b for export credits and to develop infrastructure in the energy, water resources, and transport sectors, the Egyptian presidency announced.
El Molla: Egypt’s Debt to Foreign Partners Not Exceeding $3b
Minister of Petroleum and Mineral Resources, Tarek El Molla, said that the sector's debt to foreign partners has not exceeded $3b, and denied recently published rumors that country's indebtedness allegedly increased ...
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.
