funding | Egypt Oil & Gas

EBRD to Assist Egypt’s Transition to Wind Power

Heike Harmgart, Managing Director for the Southern and Eastern Mediterranean at the European Bank for Reconstruction and Development (EBRD), announced that the bank will assist in funding the decommissioning of 5G ...

TotalEnergies to Stop Funding New Projects in Russia

TotalEnergies announced that it will not provide capital for any new projects in Russia.

Aramco Seeks a $7.5 B Loan for Pipelines Investors

Saudi Aramco is seeking to a loan costs $7.5 billion for potential investors in its oil pipelines.

ECHEM Considers Issuing 1 B Instrumentation Program

The Egyptian Petrochemicals Holding Company (ECHEM) studies issuing instruments worth EGP1 billion in the aim to diversify its funding mechanisms to finance projects as well as its shares in the subsidiaries.

Oman Close to Fund 75% of LPG Project

The liquefied petroleum gas (LPG) extraction project in Salalah has a total cost of $600m.

South Africa to Raise $11b for Nuclear Plant

South Africa's power utility Eskom estimates it would have $11b within ten years to help fund a nuclear expansion program planned by the government.

Tunisia Receives $16.3m in EU Funding for Renewables

The European Union will provide $16.3m in funding for renewable energies and energy efficiency initiatives in Tunisia as part of a $54.3m funding package to support development of the private sector and professional ...

Nigeria’s Oil Firm NNPC Secures Funding for 36 Wells

Nigeria’s oil firm NNPC had signed a deal with a consortium of local and foreign lenders to develop 36 oil wells that would also boost domestic power generation in Africa’s largest crude producer.

Sisi to Ink Energy Deals in China

Sisi and his Chinese counterpart are scheduled to sign a number of understanding memoranda, funding agreements as well as cooperation protocols in a number of areas, chiefly energy industry, small and medium-sized ...

IFC to invest $ 2 bn in Egypt’s Energy and Infrastructure

The International Finance Corporation (IFC), a subsidiary of the World Bank in charge of the private sector, plans to invest 1.2 to $ 2 billion in Egypt over the next four years.

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