loans | Egypt Oil & Gas - Part 2
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, the Minister of Finance, Amr El Garhy, ...
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 an IMF delegation next month, according to the Egyptian Finance Minister, Amr El Garhy, Amwal ... Germany to Extend $250M Loan to Egypt
The German government will provide a $250 million loan next year to help finance Egypt’s budget, the German Ambassador to Cairo, Julius Georg Luy, announced, according to Al Ahram Online. While Egypt has been reducing...
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, Al Mal News reports The company plans to use EGP 1.757 billion for exploration and dri...
OOCEP Signs $1B Loan Agreement
The Oman Oil Company Exploration and Production (OOCEP) finalized an agreement for a $1 billion loan, Times of Oman reports. The funds will be used to pay down a previous loan and to invest in additional activities an...
ADNOC Nearing Deal for $6B Loan
Abu Dhabi National Oil Company (ADNOC) is closing in on the syndication of a $6 billion loan, sources told Reuters. The loan will mature in two tranches. The first tranche will mature after three years and the second ...
Banking Consortium to Fund Electricity Distribution Grid
The Egyptian Electricity Holding Company (EEHC) is negotiating a $100 million loan from a banking consortium, Al Mal News reports. The funds are for importing spare parts for the electricity distribution grid. The fin...
ADNOC Negotiates for a $5 Billion Loan
Abu Dhabi oil giant ADNOC has entered negotiations for syndicated loan worth up to $5 billion, Reuters reports. The company is negotiating with regional and international banks to obtain the loan, according to Reuters...
