Analysis
04 March 2022
ANOPC: A partial sovereign solution
In:
Oil & gas
Region:
Middle East & Africa
Egypt’s state-owned oil refiner Assiut National Oil Processing Company (ANOPC) sealed an innovative $1.5 billion ECA-covered loan to back the Assiut oil refinery expansion project last month. The deal provides a viable financial template for future Egyptian projects that lack a sovereign guarantee to cover the entire financing.
