After a meeting between the Minister of Petroleum and Mineral Resources, Tarek El Molla, and a delegation of China Development Bank (CDB), the bank expressed its readiness to finance petroleum Projects in Egypt.
Italian oil major Eni is ready to spend "hundreds of millions" of euros in developing solar power projects in Africa, the group's CEO, Claudio Descalzi, said.
Egypt's Industrial Development Authority is examining proposals from several investors worth EGP 48 billion for developing downstream oil and gas projects including refineries and petrochemicals production.