loans | Egypt Oil & Gas

APICORP to Loan $250 M to Sonatrach

APICORP will loan Algeria’s Sonatrach a US$250 million worth of facilities.

 ERC to Receive $76 MM By the End of December

The Deputy Chief Financial officer of the Egyptian Refining Company “ERC” Aliaa Heikal announced that her company targets to receive $76 million from Japanese and Korean banks at the end of December 2019 as the la ...

KPC Hires NBK Capital As Financial Advisor for $2 B Loans

Kuwait Petroleum Corporation (KPC) has hired NBK Capital, a fully owned subsidiary of the National Bank of Kuwait (NBK), as a financial advisor as the company seeks to obtain $2 billion in finances.

ENOC Obtains $690 M Loan from Chinese Banks

Emirates National Oil Company (ENOC) has secured a loan of around $690 million from China’s top three banks.

Carbon Holdings to Receive $5.6 B for Tahrir Complex

The company received the land required for the project and is preparing to establish the complex and build a wall around it before the contractors start building the infrastructure.

Egyptian Banks to Finance 70% of Sidpec Propylene Factory

The company's management will take the necessary procedures to negotiate with financing institutions to obtain loans with the best possible terms and conditions to decrease equities' share in the financing.

KPC Inks MoU with Britain for Loans, Credit Facilities

KPC has inked a MoU with Britain for up to $3 billion in loans and credit facilities.

CBE to Offer Loans for Natural Gas Vehicle Conversion

The Central Bank of Egypt (CBE) will offer 5% interest loans to encourage car owners to transform their vehicles to natural gas-powered or mixed-fueled cars, running with both natural gas and gasoline

EGPC Hires HSBC to Raise $1B Loan

The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion.

EGPC to Borrow $850M to Repay IOC Debts

The Egyptian Ministry of Finance approved issuing local currency guarantees for two loans to help the Egyptian General Petroleum Corporation (EGPC) repay debts owed to international oil companies (IOCs).

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