Arab Finance: Cairo Egypt Delta Limited, which specializes in oil and gas extraction, which is one of the Keiron Group companies, has announced the success of the banking alliance led by Bank Cairo and the participation of Al -Baraka Bank Egypt, the Arab International Bank, and the Bank of the Arab Banking Company in arranging and covering a joint financing worth $ 75 million In her favor, with the aim of financing an aspect of investment costs for the project to develop the gas field in the West Burullus area in the Mediterranean, he mentioned Statement.
The company added that the financing process comes partially at a rate of 45.5% of the total investment cost of $ 165 million, for the concession project obtained by the company by the Egyptian government.
The joint financing reflects the size of the importance of supporting the national economy in providing new job opportunities, as the group is the third largest oil and gas producer in Egypt and has more than 25 concession right inside Egypt, with a production rate of more than 130 thousand barrels of boumia, in addition to having a product of franchise produced outside Egypt .
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