{"id":629154,"date":"2018-05-23T04:26:09","date_gmt":"2018-05-23T04:26:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/ebrd-lends-sopc-usd-200-mn-to-finance-energy-efficiency-program\/"},"modified":"2018-05-23T04:26:09","modified_gmt":"2018-05-23T04:26:09","slug":"ebrd-lends-sopc-usd-200-mn-to-finance-energy-efficiency-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/23\/ebrd-lends-sopc-usd-200-mn-to-finance-energy-efficiency-program\/","title":{"rendered":"EBRD lends SOPC USD 200 mn to finance energy efficiency program"},"content":{"rendered":"<p><strong>EBRD lends SOPC USD 200 mn to finance energy efficiency program:<\/strong> Egypt signed yesterday a USD 200 mn loan agreement with the European Bank for Reconstruction and Development (EBRD) for the Suez Oil Processing Company (SOPC) to finance the company\u2019s energy efficiency investments, including its Green Economy Transition approach, <a href=\"http:\/\/www.miic.gov.eg\/Arabic\/MediaCenter\/News\/Pages\/%D9%85%D8%B5%D8%B1-%D8%AA%D9%88%D9%82%D8%B9-%D9%85%D8%B9-%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%89-%D9%84%D8%A5%D8%B9%D8%A7%D8%AF%D8%A9-%D8%A7%D9%84%D8%A5%D8%B9%D9%85%D8%A7%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D9%86%D9%85%D9%8A%D8%A9-%D8%A7%D8%AA%D9%81%D8%A7%D9%82%D8%A7-%D9%84%D9%84%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%81%D9%8A--%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%83%D9%81%D8%A7%D8%A1%D8%A9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-200-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1.aspx\">according to an Investment Ministry statement<\/a>. \u201cIn particular, the Project will focus on the installation of a New Vapour Recovery Unit (VRU), the refurbishment of the old coker unit and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refinery,\u201d <a href=\"http:\/\/www.ebrd.com\/work-with-us\/projects\/psd\/sopc-energy-efficiency-upgrade-program.html\">according to the EBRD<\/a>.<\/p>\n<p><strong>We\u2019d also like some money to focus on CNG use, please:<\/strong> Oil Minister Tarek El Molla also met yesterday with the EBRD\u2019s Director for Natural Resources Eric Rasmussen to discuss a potential separate financing package to help increase Egypt\u2019s reliance on compressed natural gas for cars, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1292905\">Al Masry Al Youm reports.<\/a> The move would help reduce our fuel consumption levels.<\/p>\n<p><strong>This comes as Egypt is planning to reach petroleum and diesel self-sufficiency within the coming three years<\/strong>, El Molla told reporters, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1292897\">according to the newspaper<\/a>. El Molla provided no details on how we intend to reach that milestone. He did, however, make it a point to say that self-sufficiency will not mean ending crude oil imports, noting that Egypt would continue importing crude oil to be refined at local facilities and directed towards domestic consumption and exports.<\/p>\n<p>Meanwhile, <strong>the Oil Ministry has set October deadlines for companies to submit their bids for the two upcoming oil and gas exploration tenders<\/strong>, <a href=\"https:\/\/ara.reuters.com\/article\/businessNews\/idARAKCN1IN0N6\">Reuters\u2019 Arabic service reports.<\/a> Bids for the 11 concession areas offered by EGPC are due by October 1, while oil companies eyeing the 16 concession areas offered by EGAS must submit their bids by October 8. International oil companies, including Shell, Apache Corporation and UAE\u2019s Mubadala are all looking at opportunities in the two bid rounds, <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/22\/oil-ministry-to-hold-2-international-bid-rounds-for-oil-gas-exploration\/\">as we noted yesterday<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EBRD lends SOPC USD 200 mn to finance energy efficiency program: Egypt signed yesterday a USD 200 mn loan agreement with the European Bank for Reconstruction and Development (EBRD) for the Suez Oil Processing Company (SOPC) to finance the company\u2019s energy efficiency investments, including its Green Economy Transition approach, according to an Investment Ministry statement. [&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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629154","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5cbc52c2-0c4e-468f-a19b-06f824182839","order":"0","is_powered_by":true,"section_story_id":"717bd19b-ae50-474b-92b0-2be2910b200c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629135],"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>EBRD lends SOPC USD 200 mn to finance energy efficiency program - 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\/2018\/05\/23\/ebrd-lends-sopc-usd-200-mn-to-finance-energy-efficiency-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD lends SOPC USD 200 mn to finance energy efficiency program\" \/>\n<meta property=\"og:description\" content=\"EBRD lends SOPC USD 200 mn to finance energy efficiency program: Egypt signed yesterday a USD 200 mn loan agreement with the European Bank for Reconstruction and Development (EBRD) for the Suez Oil Processing Company (SOPC) to finance the company\u2019s energy efficiency investments, including its Green Economy Transition approach, according to an Investment Ministry statement. 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The loan is classified as\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":638268,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/01\/ebrd-to-decide-on-funding-usd-200-mn-egas-energy-efficiency-project-in-november\/","url_meta":{"origin":629154,"position":2},"title":"EBRD to decide on funding USD 200 mn EGAS Energy Efficiency Project in November","author":"enterpriseam admin","date":"1 October 2017","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) will decide in November on funding the EGAS Energy Efficiency Project with USD 200 mn. The project would see investments channeled towards developing energy efficiency and waste heat recovery installations along the gas pipeline and transmission network.","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":602032,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/17\/el-sisi-ratifies-usd-200-mn-ebrd-loan-to-suez-oil-processing-co\/","url_meta":{"origin":629154,"position":3},"title":"El Sisi ratifies USD 200 mn EBRD loan to Suez Oil Processing Co.","author":"enterpriseam admin","date":"17 March 2019","format":false,"excerpt":"President Abdel Fattah El Sisi ratified on Thursday a USD 200 mn loan from the European Bank for Reconstruction and Development (EBRD) for the Suez Oil Processing Company (SOPC) to finance the company\u2019s energy efficiency investments, including its Green Economy Transition Approach, Al Mal reports. The approval was published in\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642774,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/22\/ebrd-frances-proparco-offer-usd-116-mn-to-finance-benban-power-plants\/","url_meta":{"origin":629154,"position":4},"title":"EBRD, France\u2019s Proparco offer USD 116 mn to finance Benban power plants","author":"enterpriseam admin","date":"22 August 2017","format":false,"excerpt":"God bless the DFIs \u2014 EBRD, Proparco offer USD 116 mn to finance Benban power plants: The European Bank for Reconstruction and Development and France\u2019s Proparco are each committing USD 58 mn to finance the construction and operation of two 50 MW solar power plants in Benban, according to an\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601782,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/10\/el-sisi-ratifies-usd-200-mn-ebrd-loan-to-egypts-egas\/","url_meta":{"origin":629154,"position":5},"title":"El Sisi ratifies USD 200 mn EBRD loan to Egypt\u2019s EGAS","author":"enterpriseam admin","date":"10 March 2019","format":false,"excerpt":"President Abdel Fattah El Sisi issued a presidential decree ratifying a USD 200 mn loan from the European Bank for Reconstruction and Development \u201cto finance the modernization of selected gas infrastructure facilities, which shall improve energy efficiency and reduce impacts on the environment,\u201d according to Al Masry Al Youm. The\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=629154"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629154\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629135"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629154"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629154"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}