The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has settled $417 million of its senior debt, reducing the balance to $63 million from a peak level of $2.35 billion, the company said in a discl ...
Mubadala Investment Company announced that it is going into negotiations with the U.S. investor EIG Global Energy Partners LLC, which is the lead member in the consortium that will invest in Saudi Aramco’s Oil Pip ...
Aton Resources Inc. drew $77,000 in accordance with its bridge loan facility with Ou Moonrider
Lall praised the economic reform measures taken by Egypt that boost the country's investments and enable its private sector to continue growing.
The loan agreement was signed by Egypt and EBRD on May 22, 2018.
The loan agreement was signed on December 27, 2017 by Egypt and EBRD to grant EGAS a $200 million loan.
CIB is arranging the $80 million loan for ERC to fund the general capital.
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 IOCs.
A banking consortium of six banks have offered to loan the Egyptian General Petroleum Corporation (EGPC) EGP 10 billion to import oil and to settle part of its debts to the Ministry of Electricity.
The Assiut Oil Refining Company (ASORC) has completed talks with local and Gulf banks for a $500 million loan, a part of the $1.9 billion financing package for the mazut hydrocracking complex.
