finance | Egypt Oil & Gas
EBRD Considers $70 Mn Finaning for Nubia Benban Solar Project
The European Bank for Reconstruction and Development (EBRD) is evaluating a financing package of up to $70 million for the Nubia Benban solar project in Aswan, with board approval anticipated in mid-June, according to...
IFC Praises Egypt’s Mining Sector’s Competitiveness
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Cheick-Oumar Sylla, Regional Director of the International Finance Corporation (IFC), a member of the World Bank Group to discuss cooperation in ...
EGPC Board Reviews Strategies to Ramp Up Oil, Gas Output
The Board of Directors of the Egyptian General Petroleum Corporation (EGPC) held its meeting via video conference chaired by Minister of Petroleum and Mineral Resources Karim Badawi. During the meeting, EGPC’s Chairma...
Badawi Discusses Future Oil and Gas Investment with World Bank Delegation
Minister of Petroleum and Mineral Resources Karim Badawi has announced that the oil and gas sector is working on preparing new investment opportunities, with ongoing discussions aimed at enhancing their appeal to inve...
Egypt Starts Paying Off Foreign Partners in Oil Projects
Prime Minister Mostafa Madbouly chaired a meeting today to address outstanding payments to foreign companies involved in Egyptian oil projects. The meeting was attended by Hassan Abdullah, Central Bank Governor; Tarek...
Egypt, BNY Mellon Discuss Financing Carbon Reduction Projects
Minister of Petroleum and Mineral Resources Tarek El Molla met with Hani Kablawi, Chairman of International at the Bank of New York Mellon (BNY Mellon), and Ghada Kandil, General Manager of BNY Mellon, and a number of...
El Molla, Afreximbank Holds Talks on Phosphoric Acid Production Project
Minister of Petroleum and Mineral Resources Tarek El Molla met with a delegation from the African Export-Import Bank (Afreximbank) headed by Benedict Oramah, President and Chairman of the Bank. The meeting discussed t...
Eni to Issue New Fixed Rate Bonds
Eni intends to place new fixed rate bonds with a 4-year and 10-year maturity (the “Bonds”), under its existing Euro Medium Term Note Program. Under Eni’s existing Euro Medium Term Note Program, the company plans...
