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Oil & Gas

Shell repays $2 billion Idku loan ahead of schedule

Posted: July 13, 2017 at 1:28 pm   /   by   /   comments (0)


Royal Dutch Shell repaid the final installment in the second tranche of a USD 2 billion loan issued to BG to build the Idku liquefaction plant ahead of schedule, a statement from the Petroleum Ministry picked up by Al Mal says. The company had said in January that it would complete the payments by December 2017. The Egyptian General Petroleum Corporation (EGPC) had agreed to pay USD 480 million of the first installment due to the Idku plant halting operations in 2012.


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