{"id":601342,"date":"2019-02-26T03:46:29","date_gmt":"2019-02-26T03:46:29","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/"},"modified":"2019-02-26T03:46:29","modified_gmt":"2019-02-26T03:46:29","slug":"midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/","title":{"rendered":"MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor"},"content":{"rendered":"<p><b>Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and upgrade program<\/b> for its Alexandria refinery. The state-owned company reportedly signed the final contracts for the a USD 1.2 bn financing facility <u><a href=\"https:\/\/enterprise.press\/stories\/2018\/10\/31\/midor-signs-usd-1-2-bn-loan-agreement-with-three-eu-banks\/\">last October<\/a><\/u> with Cr\u00e9dit Agricole, BNP Paribas and Italy\u2019s CDP. The project includes \u201ca series of agreements with an Italian contractor supported by an Italian export credit agency,\u201d legal advisors Zaki Hashem & Partners said in an emailed statement. The ZH&P statement says Midor is now ready to draw down the funds and move to the implementation phase of the project, which it said will position Midor as \u201cmajor regional hub for producing and exporting petroleum products.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and upgrade program for its Alexandria refinery. The state-owned company reportedly signed the final contracts for the a USD 1.2 bn financing facility last October with Cr\u00e9dit Agricole, BNP Paribas and Italy\u2019s CDP. The project includes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[204,72,7087,963,11382,11383,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601342","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-banking","tag-enterpriseam","tag-finance","tag-law","tag-middle-east-refinery","tag-midor-oil","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"733c5fb9-0793-4fd3-9b6c-849863f2038c","is_powered_by":true,"section_story_id":"deafe355-48f5-449c-bed9-9c7d39d1be90","story_type":"1","photo_url":"","photo_position":"above","related_issue":[601334],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor\" \/>\n<meta property=\"og:description\" content=\"Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and upgrade program for its Alexandria refinery. The state-owned company reportedly signed the final contracts for the a USD 1.2 bn financing facility last October with Cr\u00e9dit Agricole, BNP Paribas and Italy\u2019s CDP. The project includes [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-26T03:46:29+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor\",\"datePublished\":\"2019-02-26T03:46:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/\"},\"wordCount\":131,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"EnterpriseAM\",\"Finance\",\"law\",\"Middle East Refinery\",\"MIDOR oil\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/\",\"name\":\"MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor - 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The loan, which should carry an interest rate of 6%, will be used to finance USD\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":628005,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/20\/zaki-hashem-advised-on-usd-1-7-bn-agreement-between-midor-and-technip\/","url_meta":{"origin":601342,"position":1},"title":"Zaki Hashem advised on USD 1.7 bn agreement between MIDOR and Technip","author":"enterpriseam admin","date":"20 June 2018","format":false,"excerpt":"Zaki Hashem & Partners advised state-owned MIDOR on its USD 1.7 bn agreement with Italy\u2019s Technip as part of a USD 2.2 bn project to expand its refining capacity to 175k barrels of crude per day, sources tell us. The Oil Ministry secured a USD 1.2 bn loan from France\u2019s\u2026","rel":"","context":"In &quot;Law&quot;","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":638402,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/midor-to-receive-usd-1-2-bn-loan-from-credit-agricole-bnp-paribas-cdp\/","url_meta":{"origin":601342,"position":2},"title":"MIDOR to receive USD 1.2 bn loan from Cr\u00e9dit Agricole, BNP Paribas, CDP","author":"enterpriseam admin","date":"3 October 2017","format":false,"excerpt":"The Middle East Oil Refinery (MIDOR) is set to receive a USD 1.2 bn loan in 1Q2018 from a banking consortium composed of Cr\u00e9dit Agricole, BNP Paribas, and Italian bank Cassa Depositi e Prestiti, an unnamed Oil Ministry official tells Al Shorouk. MIDOR had reached a preliminary agreement with the\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":646510,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/","url_meta":{"origin":601342,"position":3},"title":"MIDOR seeks USD 1.2 bn facility to fund expansion plans","author":"enterpriseam admin","date":"15 June 2017","format":false,"excerpt":"Middle East Oil Refinery (MIDOR) renewed its request for a USD 1.2 bn loan from a banking consortium including Italian bank Cassa Depositi e Prestiti (CDP), BNP Paribas and Cr\u00e9dit Agricole, a source tells Al Mal. The loan is set to finance expansion plans for its refineries, as it wants\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622888,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/midor-to-finalize-this-week-usd-1-2-bn-loan-agreement-from-three-eu-banks\/","url_meta":{"origin":601342,"position":4},"title":"MIDOR to finalize this week USD 1.2 bn loan agreement from three EU banks","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"State-owned company Middle East Oil Refinery (MIDOR) has reached a final agreement with Cr\u00e9dit Agricole and BNP Paribas and Italy\u2019s CDP over a USD 1.2 bn loan to finance the USD 2.2 bn-worth of expansions at its refinery, MIDOR Chairman Mohamed Abdel Aziz tells Al Mal. 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