Banque du Caire Issues Letters of Credit Worth $36m to EGPC

• Tuesday, 28th April 2015
• by Egypt Oil & Gas

Ayman Mukhtar, General Director of the Banque du Caire’s Corporate Credit Sector, announced that his bank has agreed this week to open a credit line worth $36 million for EGPC to import crude oil.

Consortium of 10 Banks to Loan the EEHC

• Monday, 27th April 2015
• by Egypt Oil & Gas

A consortium of ten banks is offering a loan of $1.3bn, EGP 10bn, of financing to the state-run Egyptian Electric Holding Company (EEHC) with new terms.

Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait

• Sunday, 26th April 2015
• by Egypt Oil & Gas

Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.

EGPC to Receive $3bn Loan from IDB

• Tuesday, 7th April 2015
• by Egypt Oil & Gas

Minister of International Cooperation Naglaa Al-Ahwany and the Director of IDB Ahmed Mohamed Ali signed an agreement granting a loan of $3bn to the Egyptian government.

Post-Scandal Petrobras to Receive Chinese Help

• Thursday, 2nd April 2015
• by Egypt Oil & Gas

Petroleo Brasileiro SA, the world’s most indebted oil producer, is bolstering ties to China as a corruption scandal has shut the company out of international bond markets.

Enoc Plans for $1.5 billion Loan and Merger Activity

• Monday, 23rd February 2015
• by Egypt Oil & Gas

Dubai's Emirates National Oil Company (Enoc) has hired a five-person team to work on mergers and acquisitions for the company as it seeks to expand beyond its home emirate, banking sources told Reuters on Sunday.