Guarantees | Egypt Oil & Gas

EGPC to Borrow $850M to Repay IOC Debts

The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).

MIGA to Provide $210M in Guarantees for Solar Project

The Executive Board of the Multilateral Investment Guarantee Agency (MIGA) approved $210 million worth of financial guarantees for international companies participating in an Egyptian solar project.

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