Energy, Oil & Gas

Egypt says it will pay $1.3bn in arrears to oil companies by June

Egypt will repay $1.3 billion in arrears to international oil companies by June, accelerating its schedule. The country owed about $6.1 billion by mid-2024 due to foreign currency shortages affecting payments, investment, and gas production....

Energy, Oil & Gas

Saudi Electricity Company inks $4.3bn Islamic financing deal

Saudi Electricity Company (SEC) has signed a SAR16 billion ($4.27 billion) shari’ah-compliant financing facility with a group of regional banks including Saudi National Bank, Al Rajhi, Banque Saudi Fransi and Qatar International Islamic Bank, to refinance its existing debt. ...