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Tag: BNP Paribas

MIDOR to receive $1.2 billion loan from Crédit Agricole, BNP Paribas, CDP

Posted: October 3, 2017 at 2:08 pm   /   Oil & Gas

The Middle East Oil Refinery (MIDOR) is set to receive a USD 1.2 billion loan in 1Q2018 from a banking consortium composed of Crédit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti, an unnamed Oil Ministry official tells Al Shorouk. MIDOR had reached a preliminary agreement with the banks last year. The loan […]

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MIDOR seeks $1.2 billion facility to fund expansion plans

Posted: June 15, 2017 at 5:37 pm   /   Oil & Gas

Middle East Oil Refinery (MIDOR) renewed its request for a USD 1.2 bn loan from a banking consortium including Italian bank Cassa Depositi e Prestiti (CDP), BNP Paribas and Crédit Agricole, a source tells Al Mal. The loan is set to finance expansion plans for its refineries, as it wants to bring its refining capacity […]

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PICO’s Cheiron Egypt acquires 100% of Engie’s West El Burullus gas concession

Posted: May 9, 2017 at 1:26 pm   /   Oil & Gas

PICO Group subsidiary Cheiron Egypt has acquired 100% of West El Burullus (WEB) gas concession from Engie in a transaction announced yesterday. WEB is located in shallow offshore Mediterranean waters with recoverable reserves of c.200 bcf gas and 3 mn bbl of condensates. BNP Paribas, financial advisor on the transaction, said in an emailed statement […]

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BNP Paribas

Can Egypt become a net gas exporter again?

Posted: May 5, 2017 at 3:53 pm   /   Oil & Gas

With total proven reserves of 65 trillion cubic feet at the end of 2015, Egypt is the 16th largest gas reserve-holder globally, says BNP Paribas. Egypt has laid out its vision to become a regional energy hub following discoveries of large offshore gas reserves in the Eastern Mediterranean. This vision is critical as the energy […]

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BNP Paribas

BNP Paribas: Egypt's bid to become a regional energy hub

Posted: May 3, 2017 at 1:27 pm   /   Oil & Gas

Egypt has clear potential to become an energy trading and export hub, notably for natural gas, according to a report by BNP Paribas that suggests Egypt’s bid to transform itself into a hub will depend on the country’s capacity to mitigate geopolitical, financial, and regulatory risks. BNP Paribas says “Egypt’s bid to become a regional […]

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French banks to finance MIDOR Refinery expansion

Posted: January 6, 2016 at 7:12 pm   /   Oil & Gas

Egypt’s oil refinery MIDOR will finance its planned expansion, borrowing $1.2 billion from French lenders Credit Agricole and BNP Paribas, a loan that will be guaranteed by the Italian central bank and the Italian export development authority, oil minister Tarek El-Molla told Egyptian state news daily Al-Ahram. MIDOR signed in April two deals worth $1.4 […]

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