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 efficie...
Midor Reaches Financial Closure for Expansion Upgrades
Middle East Oil Refinery (Midor) reached financial closure for the $2.2 billion expansion and upgrade program for its Alexandria refinery, according to Enterprise. The project includes “a series of agreements with an ...
GPC Seeks EGP 2.4 B Banking Finance
The General Petroleum Company (GPC) has started negotiations with a number of banks to obtain a EGP 2.4 billion finance, a source at the company told Amwal Al Ghad. The negotiations are still at the initial phases, th...
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 Developmen...
EU to Fund Household Gas Connection with $83M
The European Union (EU) will provide a $83.2 million fund to the Egyptian government to be used for connecting households to the national gas grid, Egypt Oil & Gas reports. The fund will be primarily used to fund ...
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 the construction, operation, and maintenance of six solar power plants, Amw...
Kuwait to Establish Private-Public Oil Industry Zone
Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal, Zawya informed. The World Bank supported KPC in preparing a study on the project, which has be...
Nigeria Boosts Amnesty Funds to Maintain Peace in the Niger Delta
The Nigerian presidency stated that the country almost tripled its budget to fund for militants in an amnesty program in its oil-producing heartland, in line with its plan to maintain the peace in the Niger Delta and...
