Middle East Economic Survey
EIB Lends Egypt 100Mn For Jordan Gas Pipeline
The European Investment Bank (EIB) on 7 June signed a 100mn loan agreement with Egyptian Oil Minister Sameh Fahmi and the president of state-owned firm Egyptian Natural Gas Holding Company (EGAS), Muhammad Tawila, to help finance the construction of the 393km Jordanian segment of the Arab Gas Pipeline (AGP). The maturity of the loan is 15 years, but the interest on it has not been...
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