Middle East Economic Survey
VOL. XLVIII
No 9
28-February-2005
EGYPT
ExIm Bank Guarantees $230Mn For Egypt Ammonia Plant
US-based Export-Import Bank announced on 16 February it had approved a $229.8mn long-term guarantee to finance the proposed sales of equipment and services by Kellogg Brown & Root (KBR), a Halliburton subsidiary, to build an ammonia plant in Suez industrial zone in Egypt. The project company for the plant, Egypt Basic Industries Company (EBIC), is expected to be owned by KBR,...
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