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Egypt's Midor Refinery Agrees $1.2B Loan with 3 International Banks

Source: Reuters 10/31/2018, Location: Africa

Egypt’s state-owned Middle East Oil Refinery Company (Midor) has signed a $1.2 billion loan agreement with three international, the petroleum ministry said in a statement.

The loan, which is agreed with Credit Agricole, BNP Paribas and Italy’s CDP, is part of the company’s $2.3 billion expansion plan, the statement said.

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