the United States Trade and Development Agency (USTDA) awarded two grant agreements to Amreya Petroleum Refining Company (APRC) and Suez Oil Processing Company (SOPC) total of $1.4 million (mm) to conduct a feasibility study for each company’s refinery development.

The Ministry of Petroleum and Mineral Resources in cooperation with the European Union (EU) launched an energy efficiency capacity building program. This came during the EU’s Support the Technical and Financial Sustainability of the Renewable Energy and Energy Efficiency Sectors event.

House of Representatives approved a $50 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to improve the Suez Oil Processing Company's (SOPC) energy efficiency.

Petrojet signed a contract for developing El-Nasr Petroleum Refinery in Suez with investments of EGP 455 million.

The loan agreement was signed by Egypt and EBRD on May 22, 2018.

The company will conduct a number of projects with investments around EGP 700 million.

Suez Oil Processing Company (SOPC) refined 1.2 million tons of crude oil in fiscal year (FY) 2017/18, 10% more than in the previous fiscal year.

Egypt signed a $200 million loan from the European Bank for Reconstruction and Development (EBRD) to state-owned Suez Oil Processing Company (SOPC) on June 21.

Egyptian Minister of Investments and International Cooperation, Sahar Nasr, has signed a $200 million agreement with Eric Rasmussen, director of natural resources at the European Bank for Reconstruction and Development (EBRD), to provide finance to the Suez Oil Processing Company (SOPC).

The loan is designated to finance a number of energy efficiency investments, as well as installations and refurbishments at the Suez refinery.