Major deals tap $4bn for Egypt’s hydrocarbons sector

The Egyptian Refining Company and General Petroleum Corporation projects indicate a revival in global financing markets which will help downstream expansion, writes Kevin Godier. Commercial syndication has been launched for a $2.35bn project financing that will put in place lending for up to 17 years from banks, multilaterals and export credit agencies (ECAs) for the privately held Egyptian Refining Company (ERC).