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EGPC approaches banks
04 January 2010
Egyptian state oil company Egyptian General Petroleum Corporation (EGPC) is shopping for a jumbo financing, but questions remain about the deal’s structure.
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Trade Finance has learnt that Egyptian state oil company Egyptian General Petroleum Corporation (EGPC) has approached banks with a $2 billion financing request.
The firm is said to be looking to secure the financing by February. A “sizeable number” of banks, according to market sources, have already responded with an initial exclamation of interest by the 28 December 2009 deadline set by the...
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