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

• Sunday, 26th April 2015
• by Egypt Oil & Gas

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. The initial agreemen...

IMF and World Bank to Consider Effects of Low Oil Prices

• Tuesday, 14th April 2015
• by Egypt Oil & Gas

One of the big factors in considering ways to reduce poverty around the world is the availability and cost of energy. It’s a perennial issue for the World Bank and the International Monetary Fund, and it promise...

Venezuela to Pay Compensation for ‘Lawful’ Vessel Nationalizations

• Monday, 16th March 2015
• by Egypt Oil & Gas

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. The claim, one of m...