Egypt Ranks 11th Globally in Gas Flaring
Egypt is the 11th country in gas flaring worldwide, Program Manager-Global Gas Flaring Reduction Partnership at the World Bank, Bjorn Hamso, stated, adding that Egypt jumped from the 9th to the 11th place.
World Bank | Egypt Oil & Gas - Part 3
Nasr: World Bank Financing of Energy Sector Hits $4B
The World Bank has provided the Egyptian energy sector with $4 billion in funding.
WB, IFC to Provide $600M for Oil & Gas Projects
The World Bank and the International Finance Corporation will provide $600 million for oil and gas projects in Egypt.
Nasr Pushes for $1B Tranche of WB Loan
The Egyptian Minister of Investment and International Cooperation, Sahar Nasr, met with a delegation from the World Bank to discuss the third tranche of the World Bank's $3 billion loan to Egypt.
Kuwait to Establish Private-Public Oil Industry Zone
The Kuwait Petroleum Corporation (KPC) is willing to establish an oil industry zone through a private-public partnership deal.
Egypt to Partially Pay Oil Arrears
Egyptian Ministry of Petroleum will repay part of its arrears to IOCs in May.
El Sisi Meets with IMF’s Chief
The Egyptian President, Abd El Fattah El Sisi, discussed the International Monetary Fund's (IMF) loan program for Cairo with the IMF's Managing Director, Christine Lagarde. Egypt Receives $1b from WB
The World Bank (WB) announced that it released $1b to Egypt as the second tranche of its $3b loan agreement signed with the Arab country in December 2015. WB: Uganda’s Oil to Expand Economy
Uganda's economy is estimated to expand by 5.2% in the fiscal year 2017/2018, despite a previous drop to 5% in 2016/2017, thanks to foreign and domestic investment in infrastructure in the oil industry, according to ...
