Call us on
+44 (0) 207 045 0920

Middle East

Egypt’s state-owned oil company Midor bags US$1.2bn loan

An Egyptian state owned oil company has secured a loan to fund the expansion of one of its refineries. The products of the developed refinery will likely go straight into the domestic market but the loan was taken in dollars as the revenues from oil sales are usually in the same currency.

Feb 25, 2016 // 8:59AM

Subscribe for access:

Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.

Recommended Stories