energy | Egypt Oil & Gas - Part 16
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, Al Mal reported. Ex-I...
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, Al Bawaba wrote. The loan agreement comes as a result of ...
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. The decline was due to the decrease in domestic consumption,...
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, Azerbaijan’s Mi...
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 ene...
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’ at the World Economic Forum in Davos, Switzerland, All Africa reported. The bank will spend $12b on the proje...
Sisi to Ink Deals with Japan in Energy, Health & Education
Coordination is underway between the two sides, Egyptian and Japanese, on energy, health and education projects that will be signed during Egypt’s President Abdel-Fattah El-Sisi’s visit to Tokyo next month...
Russian Business Delegation to Visit Egypt in Mid-January
A number of Russian firms will visit Egypt in mid-January to discuss investment in the fields of power, agriculture, tourism, and automotive, Amwal Al Ghad reports. The Egyptian Trade Ministry’s Commercial Service wil...
