Financing | Egypt Oil & Gas
Egypt Forms Joint Ministry Committee to Attract Global Energy Partner
Karim Badawi, Minister of Petroleum and Mineral Resources, and Mohamed Farid, Minister of Investment and Foreign Trade, have agreed to establish a joint committee aimed at enhancing financing opportunities for petrole...
EU to Finance €690m Upgrade of Egypt’s Grid to Boost Renewables
Egypt and the European Union (EU) are strengthening their strategic partnership in renewable energy through a financing package of up to €690 million to upgrade and expand Egypt’s electricity transmission network, not...
Madbouly Reviews Financing Mechanisms for Renewable Energy Projects
Prime Minister Mostafa Madbouly, held a meeting to follow up on securing financing for new and renewable energy projects, ensuring alignment with their implementation timelines, according to a statement issued by the ...
Madbouly Presents Strategy to Phase Out Gasoline and Diesel imports
Prime Minister Mostafa Madbouly reaffirmed the government’s full support for the petroleum and petrochemical refining sectors, emphasizing that achieving self-sufficiency in products such as gasoline and diesel ...
TotalEnergies: Partners in Mozambique LNG Project to Inject More Equity
TotalEnergies and its partners in the $15.4 billion Mozambique LNG financing deal have decided to inject more equity in the project to replace the contributions from the UK and Dutch export credit agencies. The UK and...
PETROJET, ENPPI To Finance Abu Tartour Phosphoric Acid Production Plant
During an extraordinary session, the ordinary general assemblies of the Petroleum Projects and Technical Consultations Company PETROJET and the Engineering for the Petroleum and Process Industries (ENPPI) approved tak...
Banking Consortium to Finance Part of Cheiron’s Investment Cost at West Burullus
A banking alliance led by Banque du Caire, in partnership with Arab International Bank (AIB), Al Baraka Bank Egypt, and SAIBANK, has successfully arranged and covered syndicated financing of $75 million for Cheiron Eg...
Gastec and Misr El Kheir Empower People with Special Needs in Luxor’s Hospitality Sector
Within the framework of the petroleum sector’s social responsibility strategy, Gastec has financed and implemented training and qualifying program for people with special needs to work in Luxor s hospitality market in...
