VOL. XXXIX

No. 29

15-April-1996

EGYPT

BNP/NatWest To Arrange $600Mn Finance Facility For Alexandria Refinery

Banque Nationale de Paris (BNP) and NatWest Markets have announced that they have been selected to arrange $600mn in debt financing to help pay for the construction of the projected $1.3bn (previously estimated at $1.0bn), 5mn ton/year refinery which Midor (Egypt) plans to build near Alexandria. Midor is owned 20% by the Egyptian General Petroleum Corporation (EGPC), 40% by an...