HSBC | Egypt Oil & Gas - Part 2
Israel’s Leviathan Gas Field Secured $1.75b Financing
The local partners in Israel’s giant Leviathan natural gas field say they have signed commitment letters with two major banks for up to $1.75b in financing.
Cairo Obtained $2.2m Loan for Power Plant
Cairo Electricity Production Company's CEO, Mohamed Mokhtar, stated that the company has finalized a loan of around $2.2m from HSBC bank at an interest rate of 3%. The amount will be used to fund the construction of ...
GNPC Received $500m LOC for Sankofa Gas
HSBC and Standard Chartered issued a $500m letter of credit (LOC) to Ghana National Petroleum Corporation (GNPC) to guarantee payments for gas extracted in 2018 from the offshore Sankofa field.
International Banks to Finance $3.97b COGAS Power Plants in Egypt
Deutsche Bank, HSBC, and KfW IPEX-Bank have jointly structured and arranged the Hermes-underwritten financing for the Beni Suef, Burullus and New Capital COGAS plants in Egypt, raising the debt capital of $3.97b.
Qatar Petroleum Planning Al Shaheed Unit Sale
Qatar Petroleum has chosen HSBC to advise it on the sale of its Al Shaheen Holding subsidiary, three sources with knowledge of the matter said on Thursday, as it seeks to cut costs in response to lower oil prices.
Egyptian Bank Gives $14 Million Loan to EGPC for Debt Repayments
The Egyptian Arab Land Bank ( EALB ) contributes $14 million to the state-owned Egyptian General Petroleum Corporation (EGPC)'s loan, chairman Abdel Meguid Mohy El-Din told Amwal Al Ghad on Sunday.
