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Two oil companies reach agreements to pay suppliers in EGP
Oil and gas companies SDX Energy and Merlon International have reportedly reached agreements with their suppliers and contractors in Egypt…
Energy
Shell completes repayment of Idku liquefaction plant loan in December 2017
Royal Dutch Shell will complete repayment by December 2017 of the second tranche of a USD 2 bn loan issued…
BNP Paribas leads syndicate funding EUR 200 mn power transmission stations
A syndicate led by BNP Paribas has signed an EPC-plus-finance funding agreement with the Egyptian Electricity Transmission Company for six…
EGPC issues tenders for 1.012 mn tonnes of diesel to cover its Feb, March needs
The Egyptian General Petroleum Corporation (EGPC) has issued two tenders to purchase nearly 1.012 mn tonnes of diesel to cover…
EBRD, UfM launch EUR 220+ mn renewable financing framwork for Egypt, Jordan, Morocco, Tunisia
Full text of an EBRD press release received yesterday: The European Bank for Reconstruction and Development (EBRD) and the Union…
Wrapping up the US business delegation's visit to Egypt, day two
US business delegation report, day two: The last day of the US business delegation spanned from talks on oil and…
Egyptian cabinet decisions — 26 May 2016
CABINET ROUNDUP: Cabinet met on Thursday, 26 May 2016 with Prime Minister Sherif Ismail at the head of the table.…
Fortune may yet favor the brave
As the saying goes, “Fortune favors the brave”. This cannot be more true today, as oil prices take a dip,…
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