fund | Egypt Oil & Gas

EBRD to Fund APC’s Project with $250 MM

The European Bank for Reconstruction and Development (EBRD) announced its provision of a sovereign loan to fund a project by Alexandria Petroleum Company (APC) worth $250 million for upgrading water and energy eff ...

Midor Reaches Financial Closure for Expansion Upgrades

Midor reached financial closure for the $2.2 billion expansion and upgrade program for its Alexandria refinery

GPC Seeks EGP 2.4 B Banking Finance

The negotiations are still at the initial phases, a source at GPC noted.

Egypt Signs $200M Funding Agreement with EBRD

Egyptian Minister of Investments and International Cooperation, Sahar Nasr, has signed a $200 million agreement with Eric Rasmussen, director of natural resources at the European Bank for Reconstruction and Develo ...

EU to Fund Household Gas Connection with $83M

The European Union will provide a $83.2 million fund to the Egyptian government to be used for connecting households to the national gas grid.

MIGA Provides $102.6 M for Egypt’s Solar Energy

The World Bank's Multilateral Investment Guarantee Agency (MIGA) will provide Egypt with $102.6 million in credit facilities to finance six solar power plants.

Kuwait to Establish Private-Public Oil Industry Zone

The Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal.

Nigeria Boosts Amnesty Funds to Maintain Peace in the Niger Delta

Nigeria almost tripled its budget to fund an amnesty program for militants in its oil-producing heartland.

Eskom Invests in Renewable Energy Research

Eskom’s Power Plant Engineering Institute (EPPEI) is going to donate $302,693 to the Center for Renewable and Sustainable Energy Studies (CRSES) in line with its long-term plan to invest in the renewable energy resea ...

Kuwait to Receive $1b for Refinery Renovation

Kuwait will receive $1b in funding from major Japanese banks and Britain's HSBC to renovate the country's Al-Ahmadi Refiney.

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