Arish-Ashkelon Pipeline (DFC-2019-ARISHASHKELON)

Countries
  • Egypt
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
East Mediterranean Gas Company S.A.E.
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 200.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 180.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 550.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 4, 2020


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Project Description

According to bank documents, the project is the restoration, operation and maintenance of a pipeline running from Al-Arish, Egypt, to Ashkelon, Israel (the “Pipeline”) and the transportation via the Pipeline of natural gas from the Tamar and Leviathan gas fields offshore Israel (the “Tamar and Leviathan Fields”) to buyers in Egypt (the “Project”). 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*