Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities

SourceEgypt Independent
SectorOil & Gas
CountryEgypt

Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of financing allocated for 2021 reached US$ 1.1 billion. The ministry said that the agreement comes as part of a three … Continued The post Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities appeared first on Egypt Independent.Egypt’s Ministry of Oil on Wednesday has signed an agreement with the International Islamic Trade Finance Corporation (ITFC) of the Islamic Development Bank to fund importing of oil commodities and other supplies. The volume of financing allocated for 2021 reached US$ 1.1 billion.

The ministry said that the agreement comes as part of a three … Continued The post Egypt’s Ministry of Oil, ITFC signs $1.1 billion agreement to import commodities appeared first on Egypt Independent. ...read more...