VOL. XLVI

No 26

30-June-2003

ENERGY FINANCE

Apicorp Signs $70Mn Equity Financing Facility For EGAS

The OAPEC-sponsored Arab Petroleum Investments Corporation (Apicorp) on 16 June signed an agreement to provide a $70mn equity financing facility for the Egyptian Natural Gas Holding Company (EGAS). The purpose of the facility, which is a corporate financing facility with a seven-year maturity, is to finance up to 100% of the EGAS and Egyptian General Petroleum Corporation (EGPC) equity share in the...