{"id":629986,"date":"2018-04-05T03:57:06","date_gmt":"2018-04-05T03:57:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/"},"modified":"2018-04-05T03:57:06","modified_gmt":"2018-04-05T03:57:06","slug":"asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/","title":{"rendered":"ASORC signs NBE-brokered USD 100 mn loan from China Development Bank"},"content":{"rendered":"

The Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) on Wednesday to help fund upgrades to its refinery, according to an Oil Ministry statement<\/a>. The loan \u2014 arranged by the National Bank of Egypt (NBE) \u2014 will contribute to building a CCR reforming unit for the production of high-grade octane as part of a wider national strategy to upgrade refineries nationwide to improve the quality of locally produced fuel. Enppi has been tapped as the project\u2019s general contractor.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) on Wednesday to help fund upgrades to its refinery, according to an Oil Ministry statement. The loan \u2014 arranged by the National Bank of Egypt (NBE) \u2014 will contribute to building a CCR reforming unit for […]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-629986","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a66d1ead-530a-4553-a4e3-2fe5d32c60e9","order":"0","is_powered_by":true,"section_story_id":"3f60f891-e490-4af6-b3ac-0c5f9b617b11","story_type":"1","photo_url":"","photo_position":"above","related_issue":[629954],"teaser":"","voice_url":""},"yoast_head":"\nASORC signs NBE-brokered USD 100 mn loan from China Development Bank - 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\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ASORC signs NBE-brokered USD 100 mn loan from China Development Bank\" \/>\n<meta property=\"og:description\" content=\"The Assiut Oil Refining Company (ASORC) signed a USD 100 mn loan agreement with the China Development Bank (CBD) on Wednesday to help fund upgrades to its refinery, according to an Oil Ministry statement. The loan \u2014 arranged by the National Bank of Egypt (NBE) \u2014 will contribute to building a CCR reforming unit for […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-05T03:57:06+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"ASORC signs NBE-brokered USD 100 mn loan from China Development Bank\",\"datePublished\":\"2018-04-05T03:57:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/04\/05\/asorc-signs-nbe-brokered-usd-100-mn-loan-from-china-development-bank\/\",\"name\":\"ASORC signs NBE-brokered USD 100 mn loan from China Development Bank - 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ANOPC had previously approached the National Bank of Egypt,\u2026","rel":"","context":"In "Infrastructure"","block_context":{"text":"Infrastructure","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/infrastructure\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600166,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/21\/egypt-studying-improving-80-octane-gasoline-in-2h2019\/","url_meta":{"origin":629986,"position":1},"title":"Egypt studying improving 80 octane gasoline in 2H2019","author":"enterpriseam admin","date":"21 January 2019","format":false,"excerpt":"The Oil Ministry expects to complete in 2H2019 a study to swap out 80-octane fuel to 87-octane grade, a ministry official tells Al Mal. No further details were provided on the study, which comes as part of a wider national strategy to upgrade refineries nationwide to improve the quality of\u2026","rel":"","context":"In "Energy"","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":603519,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/asorc-building-usd-450-mn-facility-to-produce-high-octane-fuels\/","url_meta":{"origin":629986,"position":2},"title":"ASORC building USD 450 mn facility to produce high octane fuels","author":"enterpriseam admin","date":"24 April 2019","format":false,"excerpt":"State-owned Assiut Oil Refining Company (ASORC) is building a USD 450 mn facility to produce high octane fuels with a total capacity of 660k tonnes a year, ASORC head Mahmoud El Shaboury said. El Shaboury didn\u2019t specify a time, but added that the project is currently 40% complete. Assiut National\u2026","rel":"","context":"In "Energy"","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":622973,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/anopc-seeks-egp-1-2-bn-in-financing-for-refinery\/","url_meta":{"origin":629986,"position":3},"title":"ANOPC seeks EGP 1.2 bn in financing for refinery","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Assiut National Oil Processing Company (ANOPC) is in talks with local banks for a EGP 1.2 bn loan as part of the financing package for a USD 1.9 bn hydrocracking facility being built by subsidiary Assiut Oil Refining Company (ASORC), sources told Al Mal. 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The money will be used to help businesses make more efficient use of energy, water and land, as well\u2026","rel":"","context":"In "SMEs"","block_context":{"text":"SMEs","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/smes\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/72.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629986","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=629986"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/629986\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/629954"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=629986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=629986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=629986"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=629986"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=629986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}