loan | Egypt Oil & Gas - Part 4
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.
El Sisi Meets with IMF’s Chief
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.
EGPC in Talks to Borrow EGP 10b
The Egyptian General Petroleum Corporation (EGPC) is in talks to borrow an amount of EGP 10b from a CIB-led alliance.
Egypt Receives $1b from WB
The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015.
El Sewedy in Talks for Benban Solar Power Plant loan
El Sewedy Electric is in talks with financial institutions for a loan to fund its 50MW solar power plant project in Benban as part of the feed-in tariff (FiT) program. Egypt’s Electricity Ministry to Pay EGP 700m of Fuel Arrears
Egypt's Ministry of Electricity is set to pay EGP700m to the Ministry of Petroleum and Mineral Resources.
Oil Ministry Received EGP 20b in Debts from Electricity Ministry
The Ministry of Electricity has paid EGP20b of its debt to the Ministry of Petroleum and Mineral Resources.
ERC to Start A Trial Operation at Mostorod Plant
ERC will start a trial operation for the new refinery in Mostorod during the fourth quarter of 2017. 
