#Egypt in talks with banks for $10 bln to upgrade refineries

State-run Egyptian General Petroleum began discussions with local banks, compiling list of projects for which it needs funding, Al-Borsa reports, citing unidentified official.

Funding may come from domestic or foreign sources: official

Projects include refinery improvements that are urgently needed, Al-Borsa says, citing Oil Minister Sherif Ismail

Private sector will be allowed to participate in some projects, Ismail said.


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