#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.

https://www.arabfinance.com/News/newsdetails.aspx?Id=261046

Advertisements
This entry was posted in News and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s