Funds | Egypt Oil & Gas

El Molla: ITFC Provided the Petroleum Sector with $10.8B in Finances Since 2008

Minister of Petroleum and Mineral Resources Tarek El Molla stated that the International Islamic Trade Finance Corporation (ITFC) has funded the Egyptian petroleum sector with $10.8 billion since it started in 200 ...

Equinor Wants UK Funding For 1.2 GW Low-Carbon Hydrogen Plant

In an effort to further reduce carbon emissions in northeast England, Norway's Equinor has submitted a funding bid for the construction of a second major low-carbon hydrogen production plant, the company announced ...

Shaker Praises Work of AfDB in Egypt

The Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, met with a delegation from the African Development Bank (AfDB) to discuss the bank's to support of Egypt energy sector.

ADFD Funds Egyptian Projects

The Abu Dhabi Fund for Development (ADFD) provided a total of $1.08 billion funds and concessionary loans to Egypt.

Japan Supports Egyptian Electricity Distribution Companies

Egypt secured a $243m loan from the Japanese International Cooperation Agency (JICA) to finance EEHC.

EU to Fund Egypt with $142m

EU’s Head of the European Neighborhood Policy and Enlargement Negotiations, Johannes Hahn, will sign a $142.17m funding package to support social and economic reforms in Egypt.

Kuwait Fund to Finance Egypt-Saudi Power Grid

The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a loan agreement worth $98.7m to finance the power grid project between Egypt and Saudi Arabia.

Nigeria’s $20b Gas Pipeline Project Stalls, Fund Shortage

The $20 billion Trans-Saharan gas pipeline project through which Nigeria will transport natural gas to Europe is stalled over shortage of funds.

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