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 with EGP 916 million to expand TAQA Arabia’s investment plans and reaffirming NBE’s strategic partner role in supporting big projects wit ...

Electricity Ministry to Pay EGP 1.3 B Per Month for Fuel

The Ministry of Electricity has agreed to pay EGP 1.3 billion per month to the Ministry of Petroleum, in exchange for fuel supplies provided to the power generation plants. It has also paid EGP 35 billion of its a ...

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.

NBE to Manage Cash Revenues of Zohr

EGPC, NBE sign an agreement to manage cash revenues of Egypt's giant natural gas field Zohr.

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.

Oil Ministry Received EGP 20b in Debts from Electricity Ministry

The Ministry of Electricity has paid EGP20b of its debt to the Ministry of Petroleum and Mineral Resources.

Ministry of Electricity Settles EGP 21.2b of Debt

The Ministry of Electricity has paid EGP 21.2bn of its debts to the Ministry of Petroleum, from a total debt of EGP 60.9bn.

Banks to Loan $200m to EGPC

The Egyptian General Petroleum Corporation (EGPC) will sign a $200m loan agreement during with a banking consortium.

Ahly Capital Increased Its Equity in AMOC

Al Ahly Capital Holding increases its equity in AMOC to be 25.3% of the company's stocks

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

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