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Egypt has signed up for a 1-billion loan from International Islamic Trade Finance Corporation (ITFC) to finance petroleum imports, Middle East Monitor (MEMO) reports citing the Arab country’s Ministry of Petroleum. The loan according to the ministry will cover 2021 Read more
After reports in the beginning of the week that the national oil corporation created by the Tobruk-based government had signed an agreement with Egyptian General Petroleum Company (EGPC) for the supply of 2 million barrels of crude oil, the longtime Read more
The Italian giant Eni discovered gas reserves of up to 15 billion cubic meters in Egypt’s Nile Delta region, with production set to start in two months, the Egyptian oil ministry said on Monday. According to Egyptian oil ministry statement, Read more
Egypt finances have not boasted about the protests which led to the departure of President Mubarak from power because of the investors it scared away. More than $11billion has left the shores of the country due to the worries the Read more