World Bank | Egypt Oil & Gas - Part 5
Egypt’s Oil Sector to Get $200m Loan from World Bank
The World Bank will grant the Egyptian Ministry of Petroleum a $200m loan. The amount is part of a $1b loan agreement recently signed by both parties, part of which is earmarked to pay dues to foreign oil companies.
Ukraine to Purchase French Gas, Replacing Russian
The International Finance Corporation (IFC) from the World Bank group would provide a trade finance credit of up to $200m to Ukraine's national oil and gas company Naftogaz for it to acquire natural gas from France's ...
Petroleum Ministry to receive $200m of World Bank Loan
The Egyptian Ministry of Petroleum will receive $200m of a recently agreed $1b World Bank loan, according to an EGPC official who spoke to Al Mal News.
EGPC May Receive Part of WB Loan to Pay Debts
The Egyptian General Petroleum Company (EGPC) may receive a portion of the $3b World Bank loan granted to Egypt, although reports vary.
ADF Loan to Cover $500m Owed to Foreign Companies, Petroleum Ministry
An official source at the Ministry of Petroleum said that the ministry plans to repay $500m of Egypt’s dues to foreign partners by the end of 2015.
IEA: Developing Countries to Boost Energy Demand by 33% by 2040
The International Energy Agency’s annual report, World Energy Outlook, was released yesterday – predicting that demand for energy will grow by nearly a third between 2013 and 2040. This pattern will be driven by incr ...
Ecuador Seeking ‘Friendly’ Resolution to Occidental Dispute
Ecuador's President Rafael Correa said on Saturday that his country is in 'friendly' negotiations with Occidental Petroleum Corporation over the payment of a $1.77b award the Latin American nation was ordered to pay ...
Egypt Borrows Dollars to Pay International Oil Firms
Minister of Petroleum and Mineral Resources Tarek El Molla told Daily News Egypt that discussions are ongoing with the Ministry of International Cooperation to obtain part of their loan of dollars.
World Bank to Guarantee Ukrainian Gas Purchases
The World Bank and the European Investment Bank (EIB) have signed an agreement to provide loans worth $520m to Ukraine for the purchase of natural gas, the World BankPage 5 of 6
