JBIC signs ERC buyer credit

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17 August 2010

The Japan Bank for International Cooperation has signed a buyer credit for Egyptian Refining Company to construct processing units to refine atmospheric residue from a Cairo refinery.

The Japan Bank for International Cooperation (JBIC) has signed a $900 million buyer credit for Egyptian Refining Company (ERC).

ERC will construct, own and operate processing units to refine atmospheric residue from Egyptian General Petroleum Corporation’s (EGPC) existing...

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