
5 banks to finance AMOC’s refinery project with $500m
List includes IFC, EBRD, NBE
List includes IFC, EBRD, NBE
AMOC has provided petroleum products worth EGP 8.5bn, the price of the company’s share in EGX increased by 164%
Floating the exchange rate has boosted expected financial results of Alexandria Mineral Oils Company (AMOC). Specialised in turning heavy fuel oil into high-value petroleum products, the company’s output is valued according to the price of the US dollar, while the greenback accounts for 88% of its inputs of raw materials. According to a report by …