Russia Gets Funding for Gas Plant from China

• Wednesday, 4th May 2016
• by Egypt Oil & Gas

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.

Petroleum Portfolio Expanding at National Bank of Egypt

• Monday, 24th August 2015
• by Egypt Oil & Gas

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).

US Shale Oil Producers Struggle with Financing

• Thursday, 2nd April 2015
• by Egypt Oil & Gas

Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, accordi ...