Egypt, ITFC Sign $2B Petroleum Finance Deal

• Sunday, 9th September 2018
• by Sarah Samir

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

• Tuesday, 20th March 2018
• by Sarah Samir

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

• Tuesday, 30th January 2018
• by Sarah Samir

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

• Wednesday, 19th April 2017
• by Dr. Mahinaz El-Baz

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

• Thursday, 2nd June 2016
• by Egypt Oil & Gas

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.

Dolphin Energy Wins $863m Loan

• Thursday, 3rd December 2015
• by Egypt Oil & Gas

UAE's Dolphin Energy Ltd., an Abu Dhabi-controlled venture, providing 2cf/d of gas from Qatar to Oman and the UAE, has secured a 15-year long bank loan of $863m.

MOPCO Suez Wins $2bn Finances for PetroChem, Fertilizer Project

• Thursday, 25th June 2015
• by Egypt Oil & Gas

Misr Company for Oil Industries MOPCO Suez plans to carry out a new project to produce aromatic fertilizer and petrochemical products in Ain Sukhnan at a total cost of $2bn.

Kuwaiti Refinery Construction Put on Hold

• Tuesday, 23rd June 2015
• by Egypt Oil & Gas

The start-up of Kuwait's Al Zour crude oil refinery is expected to be delayed after rising construction costs forced state refiner Kuwait National Petroleum Co (KNPC) to seek more money to finance the plant

Egypt’s Carbon Holdings Hopes to Conclude $4bn Debt Financing

• Tuesday, 26th May 2015
• by Egypt Oil & Gas

Egypt's Carbon Holdings hopes to conclude a $4 billion debt financing with export credit agencies to back its $7.4 billion Tahrir Petrochemicals project by the end of this year, its chief executive said on Monday.

Islamic Finance, Iran Oil Bracing for Post-Sanctions Era

• Thursday, 9th April 2015
• by Egypt Oil & Gas

Few people are likely to be counting on a successful conclusion to Iran’s nuclear agreement more than the country’s bankers.