Bank ABC joins consortium providing $550m financing for Cheiron’s Egyptian oil fields

Bank ABC has joined a nine-bank consortium to provide a $550m multi-facility syndicated loan to Cheiron Finance Limited to fund oil and gas development in Egypt, the lender announced. The financing will fund part of the capital expenditure required to develop Cheiron’s oil fields in the Gulf of Suez and the Western Desert, where the […] The post Bank ABC joins consortium providing $550m financing for Cheiron’s Egyptian oil fields first appeared on Dailynewsegypt.