loans | Egypt Oil & Gas
ERC to Receive $76 MM By the End of December
The Deputy CFO of the Egyptian Refining Company (ERC), Aliaa Heikal, announced that her company targets to receive $76 million from Japanese and Korean banks by the end of December 2019, according to Amwal El-Ghad. Th...
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, Reuters reported. ...
ENOC Obtains $690 M Loan from Chinese Banks
Emirates National Oil Company (ENOC) has secured a loan of around $690 million from a consortium of Chinese banks, the company said in a statement. “With rapid changes in the evolving energy industry, there is a globa...
Carbon Holdings to Receive $5.6 B for Tahrir Complex
Carbon Holdings Company is set to start receiving tranches of a loan worth $5.6 billion to finance the Tahrir Petrochemicals Complex, which is planned to be established in Suez Canal Economic Zone by September 2019, a...
Egyptian Banks to Finance 70% of Sidpec Propylene Factory
Sidi Kerir Petrochemicals (Sidpec)’s board of directors decided to self-finance 30% of the company’s propylene and polypropylene factory through a rights issue, and to secure the remaining 70% via loans fr...
KPC Inks MoU with Britain for Loans, Credit Facilities
Kuwait Petroleum Corporation (KPC) has inked a memorandum of understanding (MoU) with Britain for up to $3 billion in loans and credit facilities, Zawya reported citing Reuters. The United Kingdom (UK)’s credit ...
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, said Tarek Amer...
EGPC Hires HSBC to Raise $1B Loan
The Egyptian General Petroleum Corporation (EGPC) has hired HSBC to arrange a loan of around $1 billion, banking sources told Reuters. Two of the sources said that the loan is a result of requests made by Petroleum Ex...
