Afreximbank disburses $200 Million to Egyptian General Petroleum Corporation
The African Export-Import Bank (Afreximbank) has disbursed the sum of $200 million to theEgyptian General Petroleum Corporation (EGPC) to support EGPC’s investment in the Middle East Oil Refinery Company(MIDOR). The Investment Financing Facility, disbursed during a signing and disbursement ceremony in Cairo on 1 August, is also aimed at supporting EGPC’s company expansion plan which is part of Egypt’s plan to become a regional hub for exporting oil…