East Mediterranean Gas Company Loses Appeal

• Monday, 13th November 2017
• by Sarah Samir

The East Mediterranean Gas Company lost its appeal of a 2016 court ruling that held the company fully responsible for the repayment of its $174 million debt to the National Bank, Al Ahram Online reports. The ruling by...

EGPC, NBE Agreed on Gas Meters Installment

• Friday, 10th February 2017
• by Dr. Mahinaz El-Baz

An official source at the Egyptian General Petroleum Corporation (EGPC) stated exclusively to Egypt Oil&Gas that the company agreed with the National Bank of Egypt (NBE) on the installments for gas meters at the h...

State Sponsoring Private Sector Oil Firm to the Tune of $91 Mn

• Monday, 22nd June 2015
• by Egypt Oil & Gas

The biggest stated-run bank, National Bank of Egypt has agreed to secure $91 mn finances for one the private sector oil firms, a senior source from the bank revealed. The source declined to mention any further details...