loan | Egypt Oil & Gas - Part 6
Brazil’s Petrobras Signs Credit Line with China Exim Bank
Brazil's state-run oil firm Petrobras signed a preliminary deal with the Chinese lender China Exim Bank for a $1b loan, before originally planned as its debt service costs surge in the coming years amid the worst oil ...
World Bank Set to Provide Egypt with First $1b of $3b Loan
The World Bank is to provide the first $1b tranche of a $3b loan to Egypt after parliament approves the government's economic program, World Bank Vice President, Hafez Ghanem, announced at a news conference.
China Offers Nigeria $6b Loan to Fund Infrastructure
After months of talks, China has offered Nigeria a loan worth $6b to fund infrastructure projects, according to the Nigerian foreign ministry.
Emirates NBD Signs $225m Power Projects Loan in Egypt
Emirates NBD Egypt signed a loan worth 2b EGY ($225.25m) with state-run Egyptian Electricity Holding Company to finance two major power projects.
National Bank of Egypt Receives $700m Loan from China
The National Bank of Egypt (NBE) has received a $700m (EGP 5.5b) loan from the China Development Bank to finance infrastructure projects in energy and other sectors.
Egypt to Receive $1.5b Loan from US Ex-Im Bank for PetroChem, Energy Projects
The Export-Import Bank of the United States (Ex-Im Bank) considers pumping loans of $1.5b to the Egyptian market for projects in petrochemicals, energy, and aviation sectors in the coming period.
Brazil’s Petrobras Secures $10b in Chinese Loan to Pay Debts
The integrated Brazilian energy company Petrobras has secured a $10b loan from the China Development Bank (CDB) in exchange for supplying petroleum to Chinese companies or to be repaid in cash.
IMF, WB Mull $3b Loan to Azerbaijan’s Weakening Oil Economy
The International Monetary Fund and World Bank are considering a $3b loan to Azerbaijan to help the country face weakening currency amid global oil price slump.
