Financing | Egypt Oil & Gas

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 €960 million to upgrade and expand Egypt’s electricity transmission network. ...

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 ...

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 is ...

TotalEnergies: Partners in Mozambique LNG Project to Inject More Equity

TotalEnergies and its partners have reshaped the $15.4 billion Mozambique LNG financing package after a prolonged force majeure period, moving ahead without backing from the UK and Dutch export credit agencies whi ...

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 ...

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 Cheiro ...

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 marke ...

Madbouly Holds Talks with Petroleum, Finance Ministers on Petroleum Products Financing

Prime Minister Mostafa Madbouly held a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla Minister of Finance Mohamed Maait, and Vice Minister of Finance for Fiscal Policies Ahmed Kouchouk to ...

Societe Générale Expresses Interest in Expanding Its Portfolio in Egypt’s Petroleum Sector

In a meeting with Minister of Petroleum and Mineral Resources Tarek El Molla, Yves Jacob, Head of the Private Sector at France's Societe Générale, praised Egypt's development strategy, confirming that Societe Géné ...

Wintershall Dea Writes Off Nord Stream 2 Financing

Responding to Russian attack to Ukraine, Wintershall Dea announced that its AG’s Management Board decided to stop advancing or developing new oil and gas projects in Russia and to stop financing Nord stream 2 with ...

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