finance | Egypt Oil & Gas - Part 2
EU Provides Egypt with $120.4 M Grant for Water, Energy Development: MOIC
Minister of International Cooperation Rania Al-Mashat has announced that the European Union (EU) has provided €117.9 million (around $120.41 million) of development financing to support the budget of the water and ene...
El Molla, ITFC’s CEO Review Annual Work Program for Trade Finance
Minister of Petroleum and Mineral Resources Tarek El Molla met with the International Islamic Trade Finance Corporation’s (ITFC) Hani Sonbol to discuss the corporation’s annual work program for trade finan...
Italy Holds Financing for Russian LNG Project
In response to Russia’s invasion of Ukraine, Italy disclosed that it will put its share of financing on hold for the Arctic LNG 2 project led by privately-owned Russian gas producer Novatek, Reuters reported quo...
Iran’s NIOC to Issue Bonds Worth Rls 20,000 B to Finance Oil Projects
Masoud Karbasian, the CEO of the National Iranian Oil Company (NIOC), announced that the company is planning to issue bonds worth Rls. 20,000 billion to finance projects aimed at production enhancement and maintenance...
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 Antwerp,...
ITFC Provides $8 B to Petroleum Sector Since 2008
The Egyptian petroleum sector’s dealings with the International Islamic Trade Finance Corporation (ITFC) reached $8 billion since 2008 to date, Al-Ahram reported. This was announced during ITFC’s celebration of the co...
Egypt to Utilize its Geothermal Energy
The Egyptian Ministry of Electricity and Renewable Energy is preparing a geothermal energy map in Egypt in light of international cooperation, said the ministry’s First Undersecretary for Research, Planning, Authoriti...
EGPC Eyes $750M Loan
The Egyptian General Petroleum Corporation (EGPC) is studying obtaining a $750 million loan from foreign lenders, Amwal Al Ghad reported. EGPC and its subsidiaries are considered major local borrowers, taking loans in...
