ITFC supports Egypt’s petroleum sector with $1.45B financing in 2025
Updated 7/31/2025 5:41:00 AM
Arab Finance: The International Islamic Trade Finance Corporation (ITFC) granted the Egyptian General Petroleum Corporation (EGPC) total financing of approximately $1.455 billion during 2025, Adeeb Al Aama, CEO of ITFC, announced.
In his meeting with Minister of Petroleum and Mineral Resources Karim Badawi, ِم Aama affirmed the corporation’s readiness to support the EGPC in implementing new projects in the fields of oil and gas.
The ITFC aims at fostering Egypt’s efforts to secure its petroleum product needs, contributing to economic stability and enhancing the capabilities of the industrial and service sectors.
On his part, Badawi unveiled plans to expand the scope of cooperation to include the mining sector, which is currently undergoing significant transformative developments.
He noted that these upgrades are expected to attract substantial investments and create a qualitative leap in its performance.
The minister also reviewed Egypt’s recent intensive efforts to develop its infrastructure and boost investor confidence, expanding the added value and higher economic returns from raw resources.
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