{"id":629259,"date":"2018-05-27T03:53:38","date_gmt":"2018-05-27T03:53:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/"},"modified":"2018-05-27T03:53:38","modified_gmt":"2018-05-27T03:53:38","slug":"egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","title":{"rendered":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>EGPC to set receive USD 850 mn in financing from domestic banking consortium to repay IOCs? <\/strong>The Finance Ministry has reportedly agreed to issue letters of guarantee for two loans to the EGPC worth a combined USD 850 mn, sources close to the matter <a href=\"http:\/\/almalnews.com\/Story\/376956\/12\/-%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9--%D8%AA%D8%B6%D9%85%D9%86-%D9%82%D8%B1%D8%B6%D9%8A%D9%86-%D9%84%D9%87%D9%8A%D8%A6%D8%A9-%D8%A7%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%A8%D9%82%D9%8A%D9%85%D8%A9-850-%D9%85%D9%84%D9%8A%D9%88%D9%86-%D8%AF%D9%88%D9%84%D8%A7%D8%B1\">tell Al Mal<\/a>. The funding, which will be used to repay international oil companies, will take the form of three USD 250 mn, five-year facilities each coming from the National Bank of Egypt, Banque Misr, and CIB. CIB will loan the state oil company a further USD 100 mn, the story claims. Last week, the local press had reported EGPC was seeking some USD 550 mn in funding. EGPC is <a href=\"https:\/\/enterprise.press\/stories\/2018\/04\/18\/egpc-to-receive-first-usd-400-mn-tranche-of-usd-662-mn-facility\/\">reportedly also receiving<\/a> a USD 662 mn short-term credit facility from a consortium of international finance institutions. Central Bank Governor Tarek Amer had <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/14\/banking-act-will-be-ready-in-july\/\">said earlier this month<\/a> that Egypt plans to repay USD 850 mn to international oil companies, without giving a clear timeline. Sources had previously said that a USD 200 mn payment would be made in June.<\/p>\n<p><strong>Also from the energy sector: <\/strong>The government appears to be moving ahead with its push to have state companies pay outstanding electricity and gas bills, even if it means selling assets. The move, <a href=\"https:\/\/enterprise.press\/stories\/2018\/05\/24\/cabinet-mounts-push-for-state-owned-companies-start-paying-overdue-energy-bills-will-channel-funds-to-energy-companies\/\">first reported by Enterprise last week<\/a> after we spoke with Cotton & Textile Industries Holding Company CEO Ahmed Moustafa, gained steam over the weekend as Public Enterprises Minister Khaled Badawy reportedly met with Moustafa to talk about restructuring, <a href=\"http:\/\/d1y99r0ynoudrd.cloudfront.net\/news\/details\/1294977\">according to AMAY<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EGPC to set receive USD 850 mn in financing from domestic banking consortium to repay IOCs? The Finance Ministry has reportedly agreed to issue letters of guarantee for two loans to the EGPC worth a combined USD 850 mn, sources close to the matter tell Al Mal. The funding, which will be used to repay [&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-629259","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b9bbbd0f-8568-4a2a-9fa3-83d8ea5aaff8","order":"0","is_powered_by":true,"section_story_id":"703cb93d-adb7-4481-873e-eb61221ef575","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629243],"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>EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs? - 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\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?\" \/>\n<meta property=\"og:description\" content=\"EGPC to set receive USD 850 mn in financing from domestic banking consortium to repay IOCs? The Finance Ministry has reportedly agreed to issue letters of guarantee for two loans to the EGPC worth a combined USD 850 mn, sources close to the matter tell Al Mal. The funding, which will be used to repay [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-27T03:53:38+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\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?\",\"datePublished\":\"2018-05-27T03:53:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\"},\"wordCount\":253,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\",\"name\":\"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-05-27T03:53:38+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","og_locale":"en_US","og_type":"article","og_title":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?","og_description":"EGPC to set receive USD 850 mn in financing from domestic banking consortium to repay IOCs? The Finance Ministry has reportedly agreed to issue letters of guarantee for two loans to the EGPC worth a combined USD 850 mn, sources close to the matter tell Al Mal. The funding, which will be used to repay [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-05-27T03:53:38+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?","datePublished":"2018-05-27T03:53:38+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/"},"wordCount":253,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","name":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-05-27T03:53:38+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":626471,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/03\/egypt-plans-to-pay-usd-200-500-mn-in-arrears-to-oil-producers-by-end-september-will-small-players-get-any-of-it\/","url_meta":{"origin":629259,"position":0},"title":"Egypt plans to pay USD 200-500 mn in arrears to oil producers by end-September. Will small players get any of it?","author":"enterpriseam admin","date":"3 July 2018","format":false,"excerpt":"Egypt to pay USD 200-500 mn in arrears to oil companies by the end of September: EGPC plans on paying USD 200-500 mn in arrears to oil producers by the end of September, EGPC sources say. EGPC is in talks with the government to arrange the financing, according to the\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":622620,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/08\/egpc-receives-usd-1-bn-syndicated-facility-from-hsbc-led-consortium\/","url_meta":{"origin":629259,"position":1},"title":"EGPC receives USD 1 bn syndicated facility from HSBC-led consortium","author":"enterpriseam admin","date":"8 October 2018","format":false,"excerpt":"The EGPC has reportedly received a USD 1 bn syndicated loan from an international and regional banking consortium led by HSBC, sources close to the matter tell Al Shorouk. The facility will be used to partially repay the debts owed by EGPC subsidiary, Petroleum Export Limited, to foreign partners. We\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":626896,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/egpc-taps-hsbc-to-arrange-usd-1-bn-syndicated-loan\/","url_meta":{"origin":629259,"position":2},"title":"EGPC taps HSBC to arrange USD 1 bn syndicated loan","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"The EGPC has reportedly tapped HSBC to arrange a USD 1 bn syndicated facility, banking sources told Reuters over the weekend. The loan, which the sources said is being syndicated to other banks, will have a five-year maturity and will be used partially \u201cto pre-pay EGPC cargo deliveries.\u201c The facility\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":567165,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/egpc-borrows-usd-500-mn-from-afrexim-nbe-to-finance-crude-imports\/","url_meta":{"origin":629259,"position":3},"title":"EGPC borrows USD 500 mn from Afrexim, NBE to finance crude imports","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"The Egyptian General Petroleum Corporation (EGPC) will borrow USD 500 mn from the African Export-Import Bank (Afrexim) and the National Bank of Egypt (NBE) to finance imports of crude and petroleum products, banking sources told Al Shorouk. The state-owned energy company signed contracts with the two banks at the end\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":567393,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/21\/egpc-signs-usd-450-mn-in-oil-and-gas-ep-agreements\/","url_meta":{"origin":629259,"position":4},"title":"EGPC signs USD 450 mn in oil and gas E&#038;P agreements","author":"enterpriseam admin","date":"21 January 2020","format":false,"excerpt":"EGPC signs USD 450 mn in oil and gas E&P agreements: The state-owned Egyptian General Petroleum Corporation (EGPC) yesterday signed nine oil and gas exploration and production agreements that will see companies invest at least USD 452 mn to drill 38 wells in concessions in the Mediterranean and Western Desert,\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\/2020\/1\/664.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575201,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/06\/apache-could-spend-usd-900-mn-at-its-concessions-in-egypts-western-desert\/","url_meta":{"origin":629259,"position":5},"title":"Apache could spend USD 900 mn at its concessions in Egypt\u2019s Western Desert","author":"enterpriseam admin","date":"6 October 2020","format":false,"excerpt":"INVESTMENT WATCH- US oil and gas producer Apache could spend as much as USD 900 mn at its Western Desert oil concessions this fiscal year if oil prices mount a recovery, Al Mal reports, citing a senior official at the Egyptian General Petroleum Corporation (EGPC). The company spent some USD\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629259","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=629259"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629259\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629243"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629259"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629259"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}