Financing | Egypt Oil & Gas - Part 2
Wintershall Dea Writes Off Nord Stream 2 Financing
Responding to Russian attack on 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 write off its financing of Nord Strea...
Lightsource BP Complete $380 MM Financing Package for Solar Projects
Lightsource BP company announced that it has successfully completed the financing package of $380 million for Elm Branch and Briar Creek solar projects in Texas, a statement published by BP stated. Elm Branch will pro...
Africa Energy Increases South African Presence
Africa Energy Corporation has signed definitive agreements to increase the company’s effective interest in Block 11B/12B offshore South Africa from 4.9% to 10%, according to a press release. Garrett Soden, the company...
South Korea in Talks to Fund Solar Power Plant in Hurghada
Egypt’s New and Renewable Energy Authority(NREA) Chairman, Mohamed Omran, said that South Korea is in talks to fund a 20MW solar power plant in Hurghada, according to Al Mal. If approved, the plant would cost $3...
Congo Received $250m to Support Oil Fields
Congo has signed a facility agreement with Afreximbank under which the Bank will provide $250m in future flow pre-financing to meet Brazzaville’s strategic plan for its oil fields, Africa News reported. Afreximbank’s ...
Tunisian Oil Firms Ramp up CSR Spending
Tunisian oil companies – the Tunisian Company of Petroleum Activities (ETAP), Winstar, Perenco, and Mazarine located in the governorate of Kebili have earmarked $1.3m to the promotion of private initiatives in t...
Russia Gets Funding for Gas Plant from China
Two Chinese state banks have agreed to lend more than $12b to develop a Liquefied Natural Gas (LNG) plant in the Russian Arctic, in a boost for one of Russian President Vladimir Putin’s flagship projects after sanctio...
Petroleum Portfolio Expanding at National Bank of Egypt
A source informed Amwal Al-Ghad that the financing portfolio for the petroleum sector recorded loans and credits of EGP 41b ($5.2b) at the National Bank of Egypt (NBE). The petroleum portfolio was approximately EGP 27...
