VOL. XLII

No. 39

27-September-1999

EGYPT

EIB Advances $153Mn Euro Loan To Egypt

The European Investment Bank (EIB) is advancing 128.25mneuro ($138.27) to Egypt for gas and oil projects and 25mn euro ($26.95mn) for aproject aimed at protecting the environment in the Red Sea area. A statementfrom the EIB on 20 September said 100mn euro ($107.8mn) of the loan will beallocated to Misr Oil Processing Company (MOPco), where the EIB will helpfinance a hydrocracker and related process equipment at the...