NBE | Egypt Oil & Gas
NBE, TAQA Arabia Sign Financing Contracts of EGP 916 MM
The National Bank of Egypt (NBE) and TAQA Arabia signed financing contracts amounting to EGP 916 million to expand TAQA Arabia’s investment plans, and reaffirm NBE’s strategic partner role in supporting big projects w...
Electricity Ministry to Pay EGP 1.3 B Per Month for Fuel
The Ministry of Electricity has agreed to repay EGP 1.3 billion per month to the Ministry of Petroleum for the fuel supplies provided to the power generation plants, after it has already paid EGP 35 billion of its arr...
ASORC, NBE Reach Agreement Over $10 M China Loan
The Assiut Oil Refining Company (ASORC) signed an agreement with the National Bank of Egypt (NBE) on April 4th regarding a $100 million loan from China Development Bank, Egypt Oil & Gas reports. The original loan ...
NBE to Manage Cash Revenues of Zohr
Head of the Egyptian General Petroleum Corporation (EGPC), Abed Ezz EL Regal, signed an agreement with National Bank of Egypt (NBE) Board of Directors’ Chairperson, Hisham Okasha, to allow the latter to manage c...
GPC to Take EGP 3 B Loan for Exploration
The National Bank of Egypt (NBE) and Banque Misr are securing a EGP 3 billion loan for General Petroleum Company (GPC) to fund exploration and drilling activities, as well as debt restructuring, reported Al Mal News. ...
Oil Ministry Received EGP 20b in Debts from Electricity Ministry
An official source at the Egyptian Ministry of Electricity, said that the Ministry has paid EGP 20b of its debt to the Ministry of Petroleum and Mineral Resources in outstanding debts accumulated over several years an...
Ministry of Electricity Settles EGP 21.2b of Debt
The Ministry of Electricity has settled EGP 21.2b of its debts to the Ministry of Petroleum, from a total debt of EGP 60.9b, Daily News Egypt reported. Banque Misr and the National Bank of Egypt granted the Ministry o...
Banks to Loan $200m to EGPC
The Egyptian General Petroleum Corporation (EGPC) will sign a $200m loan agreement during with a banking consortium including the African Export Import Bank (Afreximbank), the National Bank of Egypt (NBE) and others. ...
