loans | Egypt Oil & Gas - Part 3
Oil Firms Seek EGP 1.25b Loan from NBE
State-owned Misr Petroleum Company and Petroleum Cooperative Society Company seek to have an EGP 1.25b loan from the National Bank of Egypt
Iraq Approved IMF Measures to Unlock Loans
Iraq has approved measures requested by the IMF to unlock loans that help it overcome a cash crunch caused by declining oil revenue.
Egypt’s GPC to Borrow EGP2b for Oil, Gas Exploration
Egypt’s General Petroleum Company (GPC) has addressed some banks operating in the local market to obtain a loan worth EGP 2b to finance oil and gas exploration and drilling operations.
Ministry of Electricity to Sign $8b Worth of Deals with Japan
The Ministry of Electricity and Renewable Energy plans to sign four memorandums of understanding (MOU), and three loans with Japanese companies during President Abdel Fattah Al-Sisi's visit to Tokyo this month.
Moody’s: China, Saudi Support Improve Egypt’s Financial Standing
Saudi Arabia's recent pledge of $20b worth of petroleum products to Egypt over the coming five years, in addition to China's pledge of $1.7b in loans to Egypt's Central Bank (CBE) and The National Bank of Egypt (NBE) ...
NBE Loans to Electricity Sector Worth EGP39.4b over 5 Years
The total amount of syndicated loans the National Bank of Egypt has made to the electricity sector over the past 5 years is approximately EGP39.4b, according to NBE Deputy Chairman, Mahmoud Montasser.
Angola Secures 10-Year Commitment from Chinese Oil Firm
Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.
Islamic Finance Props Up Saudi Electricity Sector During Oil Slump
Saudi Arabia's Rabigh Electricity Company has signed the riyal-denominated tranche of a murabaha credit facility worth up to $666.8m.
