World Bank | Egypt Oil & Gas - Part 6

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 Bank

World Bank, AFDB to Loan Egypt $1.5b

Egyptian Prime Minister said the country expects to receive $1.5b in loans from the World Bank and African Development Bank (AFDB) by the end of 2015. The decision comes as part of the country's efforts to boost fore ...

Oman to Turn the Tide on Flaring with Latest Tech Knowhow

Oman Oil Refineries & Petroleum Industries Company (Orpic) has launched a multi-million dollar bidding round for the installation of a flare gas recovery project at the company’s Sohar refinery

Oil Price Stabilisation to Help Lower Russia’s Inflation

Further stabilization of oil prices is likely to help lower inflation in Russia, allowing the central bank to reduce rates at a faster pace, the World Bank said Monday as it raised the economic outlook for the country.

World Bank Financial Group Targets Chinese Gas Companies for Investment

The World Bank’s private lending arm is targeting investments in natural gas companies in China, the largest growing market for the fuel.

Egypt to Receive $500m Loan from World Bank to Expand Natural Gas Grid

Egyptian President Abdel-Fattah El-Sisi ratified a $500m loan agreement with the World Bank to fund the expansion of the national natural gas grid, where 1.5m households will be added to the grid.

IMF and World Bank to Consider Effects of Low Oil Prices

One of the big factors in considering ways to reduce poverty around the world is the availability and cost of energy.

Venezuela to Pay Compensation for ‘Lawful’ Vessel Nationalizations

A World Bank tribunal has ordered Venezuela to pay oil service company Tidewater around $46 million in compensation for seized vessels, in a decision the South American country hailed as a victory.

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