Al Baraka Bank: EGP200mn for Biggest Loan in Egypt Banking Sector
Al Baraka Bank Egypt will pump EGP 200 million in one of the biggest loans in the Egyptian banking sector in favour…
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EGPC
Egypt signs First Gas Fracking Contract with Apache, Shell
Egypt has signed its first contract to extract gas by fracking in a deal with Apache and Shell Egypt that includes…
Diverging Fortunes: Oil Price Decline Has Positive Impact on Egypt
It is difficult to make use of the low price of Brent Crude and import additional quantities of crude or…
British Gas, Petronas, Gaz De France to Invest $700mn in Egypt
Egypt signed on Thursday a new oil and gas exploration agreement with British Gas, Malaysia's Petronas, and Gaz de…
United Bank Injects EGP200mn in Biggest Loan in Egypt’s Banking Sector
United Bank Egypt is investing EGP 200 million in a syndicated loan for the state-owned Egyptian General Petroleum…
Egypt’s Khalda Eyes Gas Production Rates of 940m SCF by Year-end
Khalda Petroleum Company (KPC) is planning to boost its production rates to 940 million cubic feet of natural gas…
Kuwait Energy Announces Discovery at Egypt’s Abu Sennan
Kuwait Energy and their main partner, the Egyptian General Petroleum Corporation (EGPC), announce Wednesday that…
Egypt Inks new Oil and Gas Exploration Deal in Western Desert
Egypt’s Oil Minister Sherif Ismael signed an agreement Tuesday with Tharwa Petroleum for oil and gas explorations…
NBE Opens US$240mn Letters of Credit to Ship 2 million Barrels of Oil from Kuwait
National Bank of Egypt (NBE) has approved to open letters of credit worth US$240 million in favor of Egyptian…
France’s Total Wins Egypt Gas Exploration Licence -Source
French oil company Total has been awarded a licence to explore for natural gas in the Nile Delta, a source in the…