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