Middle East Economic Survey
VOL. LIII
No 27
5-Jul-2010
EGYPT
Musturud Refinery Project Attracts Additional Lenders
The Egyptian Refinery Company (ERC) has attracted additional lenders to its project financing for the Musturud refinery expansion and upgrade. The company was seeking a further $1.1bn of the $2.35bn debt needed for the project, which is costing a total of $3.7bn and will be North Africas largest project financing. The balance of the total project cost will come from equity. Ten...
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