finance

  • Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

    Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects

    Sunday, 17th January 2021

    Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC) announced that the company said NIOC was planning to issue bonds worth IRR 20,000 billion to finance projects aimed at production enhancement and maintenance of oil fields in Iran.

  • El Molla Discusses Joint Cooperation with EU

    El Molla Discusses Joint Cooperation with EU

    Wednesday, 17th July 2019

    The Minister of Petroleum, Tarek El Molla has discussed with Ivan Surkos, the European Union (EU) Ambassador to Egypt enhancing cooperation in different forms, including a joint project with Belgium’s Port of Antwerp.

  • ITFC Provides $8 B to Petroleum Sector Since 2008

    ITFC Provides $8 B to Petroleum Sector Since 2008

    Tuesday, 2nd July 2019

    The petroleum sector’s dealings with the International Islamic Trade Finance Corporation (ITFC) have reached $8 billion over the last decade.

  • Egypt to Utilize its Geothermal Energy

    Egypt to Utilize its Geothermal Energy

    Wednesday, 27th March 2019

    Egypt plans to produce 20% of its electricity demand from renewable resources, including solar energy, wind power, and hydropower, by 2022, and increase it to 40% by 2035.

  • EGPC Eyes $750M Loan

    EGPC Eyes $750M Loan

    Sunday, 11th November 2018

    The Egyptian General Petroleum Corporation (EGPC) is studying obtaining a $750 million loan from foreign lenders.

  • ANOPC in Talks for EGP 1.2B Refinery Loan

    ANOPC in Talks for EGP 1.2B Refinery Loan

    Wednesday, 17th October 2018

    Assiut National Oil Processing Company (ANOPC) is negotiating with local banks in order to obtain a EGP 1.2 billion loan to part-finance the construction of a mazut hydrogen cracking complex.

  • Egypt, ITFC Sign $2B Petroleum Finance Deal

    Egypt, ITFC Sign $2B Petroleum Finance Deal

    Sunday, 9th September 2018

    The International Islamic Trade Finance Corporation (ITFC) has agreed to finance $2 billion worth of petroleum products, as a part of a larger $3 billion agreement with Egypt's Ministry of Investment to fund the import of a number of basic goods.

  • AMOC Agrees Financing for Refinery Project

    AMOC Agrees Financing for Refinery Project

    Tuesday, 20th March 2018

    The Alexandria Mineral Oils Company (AMOC) has reached an agreement with five financial organisations to fund its $500 million refinery project.

  • ITFC Eyes Financing Petroleum Projects in Egypt

    ITFC Eyes Financing Petroleum Projects in Egypt

    Tuesday, 30th January 2018

    International Islamic Trade Finance Corporation (ITFC) expressed interest in financing projects of the Egyptian oil and gas sector.

  • JBIC is Aiming to Invest in Egyptian Petrochemicals

    JBIC is Aiming to Invest in Egyptian Petrochemicals

    Wednesday, 19th April 2017
    Tarek El Molla had a meeting with a delegation of Japan Bank for International Cooperation.