MIDOR to Receive $1.2B from Banking Consortium

• Wednesday, 4th October 2017
• by Editorial Team

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

• Wednesday, 16th August 2017
• by Sarah Samir

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

• Monday, 29th May 2017
• by Dr. Mahinaz El-Baz

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

• Sunday, 28th May 2017
• by Dr. Mahinaz El-Baz

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

• Monday, 15th May 2017
• by Dr. Mahinaz El-Baz

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

• Monday, 15th May 2017
• by Dr. Mahinaz El-Baz

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

Chinese Banks to Fund Equatorial Guinea’s Fortuna FLNG Project

• Wednesday, 10th May 2017
• by

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

• Thursday, 20th April 2017
• by Sarah Samir

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

• Thursday, 20th April 2017
• by Sarah Samir

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

El Sisi Meets with IMF’s Chief

• Thursday, 6th April 2017
• by Sarah Samir

The Egyptian President, Abd El Fattah El Sisi, discussed the International Monetary Fund's (IMF) loan program for Cairo with the IMF's Managing Director, Christine Lagarde.