{"id":634169,"date":"2018-01-08T04:06:13","date_gmt":"2018-01-08T04:06:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/"},"modified":"2018-01-08T04:06:13","modified_gmt":"2018-01-08T04:06:13","slug":"egpc-subsidiaries-seeking-egp-10-bn-loan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/","title":{"rendered":"EGPC subsidiaries seeking EGP 10 bn loan"},"content":{"rendered":"<p>Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10 bn loan, <a href=\"http:\/\/www.almalnews.com\/Story\/359461\/12\/-%D9%85%D8%B5%D8%B1-%D9%88%D8%A7%D9%84%D8%AA%D8%B9%D8%A7%D9%88%D9%86-%D9%84%D9%84%D8%A8%D8%AA%D8%B1%D9%88%D9%84-%D8%AA%D8%AA%D9%81%D8%A7%D9%88%D8%B6%D8%A7%D9%86-%D9%84%D8%A7%D9%82%D8%AA%D8%B1%D8%A7%D8%B6-10-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-\">undisclosed sources told Al Mal<\/a>. The two companies, both subsidiaries of the Egyptian General Petroleum Company (EGPC), are hoping to double an <a href=\"https:\/\/enterprise.press\/stories\/2016\/09\/26\/state-owned-oil-companies-in-talks-for-egp-1-25-bn-loan-from-nbe\/\">old loan of the same amount<\/a> from the National Bank of Egypt, Commercial International Bank, and Arab African International Bank amongst others to help finance planned expansion. The sources also speculated that the new loan could be used to pay part of foreign arrears, which stand at an estimated USD 2.3 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10 bn loan, undisclosed sources told Al Mal. The two companies, both subsidiaries of the Egyptian General Petroleum Company (EGPC), are hoping to double an old loan of the same amount from the National Bank of [&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":[9298],"tags":[2372,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634169","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"291bc7aa-f52d-4cd3-a94c-ce51f0402226","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"EGPC subsidiaries seeking EGP 10 bn loan","related_issue":[634130],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.08eb32bc-dd93-4055-be89-d12c1df19b68.mp3"},"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 subsidiaries seeking EGP 10 bn loan - 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\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGPC subsidiaries seeking EGP 10 bn loan\" \/>\n<meta property=\"og:description\" content=\"Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10 bn loan, undisclosed sources told Al Mal. The two companies, both subsidiaries of the Egyptian General Petroleum Company (EGPC), are hoping to double an old loan of the same amount from the National Bank of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-01-08T04:06:13+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\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGPC subsidiaries seeking EGP 10 bn loan\",\"datePublished\":\"2018-01-08T04:06:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"BANKING + FINANCE\",\"EnterpriseAM\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\",\"name\":\"EGPC subsidiaries seeking EGP 10 bn loan - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-01-08T04:06:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGPC subsidiaries seeking EGP 10 bn loan\"}]},{\"@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 subsidiaries seeking EGP 10 bn loan - 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\/01\/08\/egpc-subsidiaries-seeking-egp-10-bn-loan\/","og_locale":"en_US","og_type":"article","og_title":"EGPC subsidiaries seeking EGP 10 bn loan","og_description":"Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10 bn loan, undisclosed sources told Al Mal. 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The loan, which includes a USD-denominated tranche, will be used to develop the EGPC\u2019s oil wells.","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":567165,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/egpc-borrows-usd-500-mn-from-afrexim-nbe-to-finance-crude-imports\/","url_meta":{"origin":634169,"position":1},"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":556048,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/10\/new-infusions-of-usd-for-state-banking-system\/","url_meta":{"origin":634169,"position":2},"title":"New infusions of USD for state, banking system?","author":"enterpriseam admin","date":"10 October 2021","format":false,"excerpt":"The Madbouly government is looking to raise USD 2 bn through a three-year syndicated facility, according to a Finance Ministry statement on Friday. The loan will include ESG and Islamic finance components, with the ESG tranche set to target green projects under the Finance Ministry\u2019s green financing framework, Emirates NBD,\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594057,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/17\/egpc-to-borrow-usd-650-mn-to-buy-petroleum-products\/","url_meta":{"origin":634169,"position":3},"title":"EGPC to borrow USD 650 mn to buy petroleum products","author":"enterpriseam admin","date":"17 October 2019","format":false,"excerpt":"The Egyptian General Petroleum Corporation will take out a USD 650 mn loan from the International Islamic Trade Finance Corporation to buy petroleum products, United Bank CEO Ashraf El Kady said. State-owned United Bank is contributing USD 40 mn towards the loan, he said.","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":650572,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/27\/egpc-in-the-market-for-an-egp-10-bn-loan\/","url_meta":{"origin":634169,"position":4},"title":"EGPC in the market for an EGP 10 bn loan","author":"enterpriseam admin","date":"27 March 2017","format":false,"excerpt":"The Egyptian General Petroleum Company (EGPC) is negotiating for a EGP 10 bn loan with a banking consortium led by CIB to finance oil imports, Al Mal reports. Four-to-five private banks are funding the facility that is expected to carry a tenor of five-to-eight years, unnamed sources said. The sources\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":592503,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/07\/are-state-energy-firms-getting-egp-20-bn-in-loans-to-address-the-energy-crisis\/","url_meta":{"origin":634169,"position":5},"title":"Are state energy firms getting EGP 20 bn in loans to address the energy crisis?","author":"enterpriseam admin","date":"7 August 2023","format":false,"excerpt":"Half the money will go to power plant maintenance, and half to mazut imports","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/244.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\/634169","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=634169"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/634169\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/634130"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=634169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=634169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=634169"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=634169"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=634169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}