loan | Egypt Oil & Gas - Part 7
Egypt’s Oil Sector to Get $200m Loan from World Bank
The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.
Egypt to Receive $99m Loan from Kuwait
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have finalized an agreement for a $99m (KWD 30m) loan for Egypt. The loan will be directed towards funding a project that will expand ... Petroleum Ministry to receive $200m of World Bank Loan
The Egyptian Ministry of Petroleum will receive $200m of a recently agreed $1b World Bank loan, according to an EGPC official who spoke to Al Mal News.
Egypt Receives $600m Loan for New Power Plant
The Egyptian Government received a $600m loan from the European Investment Bank on December 6th, to build a new power plant in the Beheira governorate, which will add 1800MW to the national grid.
Egypt’s Dollar Shortage May Undermine Renewable Energy Projects
Egyptian solar-power developers are increasingly concerned by the state’s declining foreign currency reserves.
EU to Loan Egypt $74m to Connect Households to Gas Grid
Egypt has signed a loan agreement with the EU for $74.5m (EUR 68m) to help finance a number of projects for the delivery of natural gas in Egypt, especially to poorest areas, reports Egypt Oil & Gas.
Egypt Borrows Dollars to Pay International Oil Firms
Minister of Petroleum and Mineral Resources Tarek El Molla told Daily News Egypt that discussions are ongoing with the Ministry of International Cooperation to obtain part of their loan of dollars.
Misr-Iran Bank to Contribute Part of Assiut Oil Refinery’s $150m Loan
Misr Iran Development Bank is planning to contributing $10m to Assiut Oil Refining Company’s loan worth $150m. 
