loan | Egypt Oil & Gas
EBRD Considers $70 Mn Finaning for Nubia Benban Solar Project
The European Bank for Reconstruction and Development (EBRD) is evaluating a financing package of up to $70 million for the Nubia Benban solar project in Aswan, with board approval anticipated in mid-June, according to...
ERC Cuts Senior Debt to $63Mn from $2.35Bn
The Egyptian Refining Company (ERC) has settled $417 million of its senior debt, reducing its remaining debt to $63 million from a peak of $2.35 billion, according to a disclosure to the Egyptian Exchange by the compa...
Mubadala May Join Aramco Oil Pipeline Deal of $12 B
UAE’s Mubadala Investment Company announced that talks are ongoing with the US investor EIG Global Energy Partners LLC, who recently announced a deal with Aramco estimated at $12.4 billion, Bloomberg reported qu...
Aton Borrows $77,000 from Bridge Loan Facility
Aton Resources Inc. drew an additional $77,000 pursuant to its bridge loan facility with Ou Moonrider, according to a press release. A portion of the fund will go towards the company’s Abu Marawat Concession, and the ...
IMF to Visit Egypt for Final Loan Review in May
The International Monetary Fund (IMF) plans to visit Egypt in May 2019 in order to prepare its fourth and final review for disbursing the fifth $2 billion tranche of the $12 billion loan program, Subir Lall, IMF Missi...
El Sisi Approves $200 M Loan for SOPC
Egyptian President Abdel Fattah El Sisi issued presidential decree no. 323 for 2018, approving the $200 million loan agreement signed to finance the energy efficiency program at the Suez Oil Processing Company (SOPC),...
El Sisi Approves EBRD $200 M Loan to EGAS
President Abdel Fattah El Sisi issued a republican decree of law no. 37 for 2018, regarding an approval for a loan agreement for the Egyptian Natural Gas Holding Company (EGAS)’ energy efficiency projects, Ahram... ERC Seeks $80 M Loan from CIB
The Egyptian Refining Company (ERC), Al Qalaa Holdings’ affiliate, seeks to obtain an $80 million loan from the Commercial International Bank (CIB) Egypt, Sources told Reuters. CIB is arranging the $80 million l...
