energy | Egypt Oil & Gas - Part 14
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.
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.
