Banks Retreat From Financing US$ 300 Mln LG For ERC
The Egyptian Refining Company (ERC) seems to face financial problems after banks has retreated from financing the…
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egyptian general petroleum corporation
Citadel Capital Reafirms $2.6 Bln ERC Debt Package
Citadel Capital (CCAP.CA) disclosed today that lenders have signed amended documentation reaffirming that a US$ 2.6…
EGPC’s Shake-Up In Egypt Subsidies On Petroleum Products
The Egyptian General Petroleum Corporation (EGPC) has made proposals to help the government cut LE35 billion ($5.8…
CIB Studies Loan Offered To Egyptian Refining Company
Commercial International Bank (CIB) studies participating in letters of credit (LC) and letters of guarantee (LG)…
Banque Misr Studies Guarateeing Egyptian Refining By US$ 130 mln
Banque Misr is currently studying the possibility of participating with US$ 130 mln in letters of guarantee (LG)…
Egyptian Refining Negotiates With 7 Banks Over US$ 300 mln
Egyptian Refining Company (ERC), a subsidiary of Citadel Capital, is negotiating with Egyptian banks over opening…
Kuwait Energy makes new oil discovery in Abu Sennan concession in Western Desert, Egypt
Kuwait Energy plc and their main partner, the Egyptian General Petroleum Corporation (EGPC), today announced a new…