Middle East Economic Survey
VOL. LIV
No 21
23-May-2011
EGYPT
Musturud Refinery Financing Gets Government Green Light
The finalization of the financing for the $3.7bn Musturud refinery can now proceed after being given approval by Egypts Council of Ministers on 18 May. Although financiers agreed to supply the $2.6bn debt package the deal had not reached financial close due to late changes in the equity ownership and then, like all other developments in the country, it was delayed by the...
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