Banking Consortium Offers EGP 10B Loan to EGPC
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.
loan | Egypt Oil & Gas - Part 2
ASORC Negotiates $500M Loan
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.
Midor Signs $1.2B Loan Agreement
Middle East Oil Refinery (Midor) has signed the final contracts for a $1.2 billion syndicated loan from Italy’s CDP, France's BNP Paribas, and Crédit Agricole.
Russia to Provide $45B Loan for Dabaa Nuclear Plant
Russian President Vladimir Putin has announced a loan to Egypt in order to finance the construction of Egypt's Dabaa nuclear power plant, which will be constructed by Russia's State Atomic Energy Corporation (Rosa ...
International Banking Consortium Lends EGPC $1B
The Egyptian General Petroleum Corporation (EGPC) has signed the final contract for a $1 billion loan with a consortium consisting of 13 international and Arab financial institutions.
HSBC-led Consortium Issues $1B Loan for Petroleum Export Limited
HSBC-led consortium of international and Gulf banks will provide a $1 billion loan for Petroleum Export Limited, which is a subsidiary of the Egyptian General Petroleum Corporation (EGPC).
IMF, Egypt Reach Staff-Level Agreement on $2B Tranche
The International Monetary Fund (IMF) has announced that they have reached a staff-level agreement with the Egyptian authorities regarding the third review of the country’s economic reform program.
ASORC, NBE Reach Agreement Over $10 M China Loan
The Assiut Oil Refining Company (ASORC) signed an agreement with the National Bank of Egypt (NBE) on April 4th regarding a $100 million loan from China Development Bank.
EBRD to Issue $200 M Loan to SOPC
The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.
NBK-Egypt Renews Financing Deal Worth $10 B for EGPC
The National Bank of Kuwait-Egypt (NBK-Egypt) agreed on the renewal of a $10 billion financing agreement to support EGPC to meet its financial needs.
