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A reinsurance coverage for the oil & gas project in the country

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Magazine Issue: 
The year 2014: upsides and downsides [3]
Magazine date: 
Jan 2015

The insurance subsidiary of the Islamic Development Bank Group, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC ), has signed to give a reinsurance coverage with the American financing fund Overseas Private Investment Corporation (OPIC).

The contract,concluded for a premium of 80 million USD, will cover Apache Corporation against political risks for a period of 5 years.
Under the supervision of the Egyptian government, Apache Corporation is planning to begin oil and gas exploration in Egypt.

Mon, 09/02/2015 - 09:39

Source URL: https://www.atlas-mag.net/en/article/a-reinsurance-coverage-for-the-oil-gas-project-in-the-country

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