Kuwait Pushes Back Pipeline Bid Deadline Amid War Conflict

• Tuesday, 28th April 2026
• by Doaa Ashraf

Kuwait Petroleum company (KPC), a state- owned oil company, has extended the deadline for preliminary bids on its crude oil pipeline network to April 28, citing disruptions from the US–Israeli war on Iran, according t...

KaramSolar Granted EGP 83M from HSBC to Fund Farafra Solar Grid

• Wednesday, 11th January 2023
• by Fatma Ahmed

KaramSolar announced that it has got EGP 83 million from HSBC to fund its Farafra solar grid project.  This project is the second for the company after establishing the Marsa Alam solar grid which covers 100% of custo...

Kuwait Petroleum Corporation Seeks $1B in Financing from Banks

• Tuesday, 7th June 2022
• by Israa Ibrahim

A parliamentary document reviewed by Reuters showed that Kuwait Petroleum Corporation (KPC) plans to borrow up to $1 billion from banks including HSBC and JPMorgan. “The Kuwait Petroleum Corporation is currently...

Groundbreaking Oil & Gas MoUs Promise to Transform Sector on Second Day of EGYPS 2022

• Sunday, 20th February 2022
• by Fatma Ahmed

The second day of EGYPS 2022 witnessed the signing of several memoranda of understanding (MoU) in attendance of the Ministry of Petroleum and Mineral Resources Tarek El Molla aiming to enhance the operations, producti...

Oman Oil Co-Executes First Blockchain Trade Transaction

• Thursday, 21st November 2019
• by Mai El Ghandour

Oman Oil and Orpic Group and HSBC Bank Oman SAOG (HSBC Oman) have successfully executed the first blockchain trade finance transaction in Oman, according to Zawya. The transaction involved the shipment of polypropylen...

Aramco Close to Announcing IPO Managers

• Monday, 9th September 2019
• by Editorial Team

Saudi Aramco is expected to give lead roles to JPMorgan Chase, Morgan Stanley, and National Commercial Bank (Al-Ahli NCB) for its planned initial public offering (IPO), Reuters reported. JPMorgan Chase is close to win...

Egypt Talks $500 M with HSBC

• Monday, 31st December 2018
• by Sarah Samir

HSBC Egypt agreed to be the financial consultant to secure a $500 million loan to finance the imports of the market’s demands of diesel, benzene and mazut, in addition to paying a part of arrears to internationa...

HSBC-led Consortium Issues $1B Loan for Petroleum Export Limited

• Monday, 8th October 2018
• by Sarah Samir

HSBC-led consortium of international and Gulf banks will provide a $1 billion loan for the Petroleum Export Limited, which is a subsidiary of the Egyptian General Petroleum Corporation (EGPC), banking source told Al S...

HSBC to Manage AMOC’s Share Sales

• Wednesday, 12th September 2018
• by Editorial Team

Alexandria Mineral Oils Company (AMOC) has chosen British bank HSBC to manage its share sales on the Egyptian Exchange later this year, a source close to the transaction told Enterprise. AMOC is expected to offer 30% ...

UAE’s Brooge Petroleum Targets 2018 London IPO

• Wednesday, 5th September 2018
• by Editorial Team

Emirati Brooge Petroleum and Gas Investment Co (BPGIC) plans to raise $400 million in capital in an initial public offering (IPO) on the London exchange before the end of 2018, three sources familiar with the matter t...