loan | Egypt Oil & Gas - Part 3

Egypt to Receive IMF Loan Tranche in December

Egypt I believed to receive a new tranche of the $2 billion International Monetary Fund (IMF) loan during the 3rd week of December 2017, Egyptian Minister of Finance.

MIDOR to Receive $1.2B from Banking Consortium

The Middle East Oil Refinery (MIDOR) will receive a $1.2 billion loan from Crédit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti to finance the second phase of the expansion plans carried at its ...

GPC to Take EGP 3 B Loan for Exploration

The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring.

Egypt Aims to Pump Natural Gas to 1m Households

Egypt's Ministry of Petroleum and Mineral Resources is aiming to pump natural gas to 1m households in 26 governorates.

Dana Gas to Resume Drilling in Egypt

Dana Gas would resume limited drilling in Egypt after receiving $70m in back-payments from the Egyptian Government.

NBD Egypt Supports EGAS in an EGP1.8b Deal

NBD Egypt announced that it has participated in an EGP 1.8bsyndicated loan deal in favor of EGAS.

EBRD Finances Egypt’s Carbon Holdings Company

EBRD is providing local petrochemicals producer Carbon Holdings with a $11m loan.

Chinese Banks to Fund Equatorial Guinea’s Fortuna FLNG Project

Britain's Ophir Energy intends to borrow $1.2b from Chinese banks to fund the development of its Fortuna FLNG export project.

EGAS Funded by 9 Banks

The Egyptian Natural Gas Holding Company (EGAS) will borrow a loan worth EGP 1.8b from nine Egyptian and Arab banks.

Egypt Signs AFESD Funding Agreement for Solar Plant

The Egyptian Minister of Investments, Sahar Nasr, signed an Arab Fund for Economic and Social Development (AFESD) agreement worth $85m.

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