Talks with GM of China Development Bank

Source: www.gulfoilandgas.com 4/25/2017, Location: Africa

Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources received the General Manager of China Development Bank (CDB) and the accompanying delegation, where they discussed cooperation and partnership in new petroleum projects as well as financing oil and gas activities. the meeting was attended by the Ministry’s First Undersecretaries and CEO of EGPC along with EGPC’s deputies for Financial and Economic Affairs, Planning & Projects.

During the meeting, the Minister asserted on Egypt’s keenness on strengthening economic ties with China especially in the Petroleum Industry domain.

The Chinese side expressed their willingness to finance oil and gas projects according to its Economic feasibility.

On his behalf, The GM of Chinese Bank clarified that strengthening of economic ties with Egypt, especially in the Petroleum Domain, comes as a priority for the bank, which has, recently, opened a new branch in Egypt.

During the meeting, they reviewed current Chinese companies projects’ activities such as, through its joint venture Sino-Tharwa, in addition to its participation in upstream activities of APACHE’s Western Desert concession area .

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects


Netherlands/Holland >>  7/1/2022 - Royal Boskalis Westminster N.V. (Boskalis) has taken note of the press release issued by HAL Holding N.V. (HAL) on 24 June 2022 in which it formally a...
Nigeria >>  7/1/2022 - Further to the Company's announcement on 3 May 2022, San Leon, the independent oil and gas production, development and exploration company focused on ...

Norway >>  7/1/2022 - Reference is made to the stock exchange announcement made by PGS ASA (“PGS” or the “Company”) on 29 June 2022 regarding a subsequent offering (the “Su...
United Kingdom >>  7/1/2022 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa , announces the following issue of warrants to Directors and a consul...

United Kingdom >>  7/1/2022 - In accordance with the Disclosure Guidance and Transparency Rules ('the Rules'), we notify the market of the following:
As at 30 June 2022 the i...

Bermuda >>  6/30/2022 - Borr Drilling Limited refers to its previous communication regarding its ongoing negotiations with creditors to reach mutual agreements to refinance a...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.