loans | Egypt Oil & Gas - Part 2

IMF Board to Discuss Egypt on December 20th

The Board of Directors of the International Monetary Fund (IMF) will meet on December 20th to discuss the IMF’s second review of Egypt’s economic reform.

Egypt Looks to Renew Financing Deal

Egypt will likely renew its deal with a global banking consortium for another year to strengthen its foreign reserves and to permit the government to implement economic reforms.

Egypt to Receive $2B from IMF after 2nd Review

Egypt will receive the third tranche of its $12 billion loan from the International Monetary Fund (IMF) after the visit by the IMF delegation next month.

Germany to Extend $250M Loan to Egypt

The German government will provide a $250 million loan next year to help finance Egypt’s budget

Banking Alliance to Provide EGP 2.3B for GPC Exploration

General Petroleum Company (GPC) signed an agreement with six banks for an EGP 2.3 billion loan to finance oil and gas exploration.

OOCEP Signs $1B Loan Agreement

The Oman Oil Company Exploration and Production (OOCEP) finalized an agreement for a $1 billion loan.

ADNOC Nearing Deal for $6B Loan

Abu Dhabi National Oil Company (ADNOC) is closing in on the syndication of a $6 billion loan.

Banking Consortium to Fund Electricity Distribution Grid

The Egyptian Electricity Holding Company (EEHC) is negotiating a $100 million loan from a banking consortium,

ADNOC Negotiates for a $5 Billion Loan

Abu Dhabi oil giant ADNOC has entered negotiations for syndicated loan worth up to $5 billion.

Glencore, Carlyle Team to Buy Moroccan Refinery

Swiss trading giant Glencore and U.S. private equity investor Carlyle Group have teamed up in an attempt to save bankrupt in Morocco's only oil refinery.

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