The European Bank for Reconstruction and Development (EBRD) decided to extend to Egypt a $ 50 million loan or greener oil and gas sector. The loan will support the modernization of Egypt’s oil industry through upgrading the oil refinery owned by Suez Oil Processing Company (SOPC). The funds will be invested in improvements of the refinery’s operational … Continue reading EBRD provides $ 50 m loan to Egypt for greener oil, gas sector