World Bank | Egypt Oil & Gas - Part 5
Nigeria Asks for $3.5b Emergency Loans from World Bank, AfDB
Nigeria has asked the World Bank (WB) and the African Development Bank (AfDB) for $3.5b in emergency loans to fill a growing gap in its budget in the latest sign of the economic damage being wrought on oil-rich nation...
World Bank Reveals Details of $3b Loan to Egypt
The World Bank has revealed details of the $3b loan to the Egyptian government, which entails raising tax revenue and electricity prices, while reducing government’s wages and energy subsidies, Egypt Independent wrote...
IMF, World Bank Ponder $4b Emergency Loan to Azerbaijan
The International Monetary Fund (IMF) and World Bank (WB) are negotiating a possible $4b emergency loan for oil exporting country, Azerbaijan, helping it to cope with mounting currency and budget pressures due to a st... Nigeria’s Azura Power Plant to Begin Construction
Nigeria’s plan to build a 456MW gas-fired power plant, Azura, outside of Benin City is finally becoming a reality, as the World Bank is set to guarantee the investment to begin the construction, All Africa reports. Th...
World Bank Approves $27m Loan for Energy Access in Liberia
The World Bank has approved a $27m loan to Liberia to support access to energy for rural Liberians, All Africa reports. The goal of the funding is to increase access to affordable and reliable electricity in the coun...
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, a...
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 Fra... 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. The money will go to repay $2.8b in debts that the ministry owes...
