finance | Egypt Oil & Gas - Part 2

El Molla Discusses Joint Cooperation with EU

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 Antw ...

ITFC Provides $8 B to Petroleum Sector Since 2008

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 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

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

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

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 i ...

AMOC Agrees Financing for Refinery Project

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

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

Tarek El Molla had a meeting with a delegation of Japan Bank for International Cooperation.

China’s Bank Ready to Finance Petroleum Projects in Egypt

After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt.

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