EGYPT

 

Financing For $3.7Bn Musturud Refinery Project Finalized 

The Egyptian Refinery Company (ERC) signed the final agreements on 7 June with lenders to receive financing for its $3.7bn Musturud refinery project North of Cairo, MEES understands. Lenders had agreed to provide $2.6bn of debt in August 2010, but the deal was held up by changes in the equity ownership and further delayed by the revolution that toppled the Husni Mubarak regime. The...