{"id":638402,"date":"2017-10-03T03:30:08","date_gmt":"2017-10-03T03:30:08","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/midor-to-receive-usd-1-2-bn-loan-from-credit-agricole-bnp-paribas-cdp\/"},"modified":"2017-10-03T03:30:08","modified_gmt":"2017-10-03T03:30:08","slug":"midor-to-receive-usd-1-2-bn-loan-from-credit-agricole-bnp-paribas-cdp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/03\/midor-to-receive-usd-1-2-bn-loan-from-credit-agricole-bnp-paribas-cdp\/","title":{"rendered":"MIDOR to receive USD 1.2 bn loan from Cr\u00e9dit Agricole, BNP Paribas, CDP"},"content":{"rendered":"

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<\/a>. MIDOR had reached a preliminary agreement with the banks last year. The loan is set to finance the second phase of expansion plans for its refineries, whose capacity MIDOR wants to bring up by 15% in FY2017-18 to 39 mn bbl of refined crude. MIDOR completed its first phase of expansion began the first phase of the expansion in January and completed it last month, according to the source.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 banks last year. The loan […]<\/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-638402","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-banking-finance","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b6748f1b-a9ba-4dee-825f-7194b85b4b3e","order":"0","is_powered_by":true,"section_story_id":"06e503fd-bee8-4b69-8ae4-b8aa2550b605","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638363],"teaser":"","voice_url":""},"yoast_head":"\nMIDOR to receive USD 1.2 bn loan from Cr\u00e9dit Agricole, BNP Paribas, CDP - 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\/2017\/10\/03\/midor-to-receive-usd-1-2-bn-loan-from-credit-agricole-bnp-paribas-cdp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDOR to receive USD 1.2 bn loan from Cr\u00e9dit Agricole, BNP Paribas, CDP\" \/>\n<meta property=\"og:description\" content=\"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 banks last year. 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The loan, which should carry an interest rate of 6%, will be used to finance USD\u2026","rel":"","context":"In "Banking + Finance"","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":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":638402,"position":1},"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. MIDOR had reached a\u2026","rel":"","context":"In "Banking + Finance"","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":601342,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/midor-reaches-closure-for-usd-1-2-bn-loan-with-zaki-hashem-as-advisor\/","url_meta":{"origin":638402,"position":2},"title":"MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"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\u2026","rel":"","context":"In "Speed Round"","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":646510,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/","url_meta":{"origin":638402,"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 "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":625469,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/06\/afreximbank-provides-a-usd-200-mn-loan-to-finance-state-owned-midor-expansion-plans\/","url_meta":{"origin":638402,"position":4},"title":"Afreximbank provides a USD 200 mn loan to finance state-owned MIDOR expansion plans","author":"enterpriseam admin","date":"6 August 2018","format":false,"excerpt":"The EGPC received a USD 200 mn loan from the African Export-Import Bank (Afreximbank) on 31 July, which will be used to finance the expansion of state-owned MIDOR\u2019s refining facility, banking sources tell Al Shorouk. The loan has a five-year tenor, they added, and Abu Dhabi Islamic Bank (ADIB) acted\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":626945,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/16\/midor-looks-to-afreximbank-adib-for-usd-200-mn-loan-to-finance-refinery-expansions\/","url_meta":{"origin":638402,"position":5},"title":"MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions","author":"enterpriseam admin","date":"16 July 2018","format":false,"excerpt":"MIDOR looks to Afreximbank, ADIB for USD 200 mn loan to finance refinery expansions: The state-owned MIDOR is reportedly in talks with the African Export-Import Bank (Afreximbank) and Abu Dhabi Islamic Bank (ADIB) for a USD 200 mn loan to help finance expansion plans at the company\u2019s refinery, banking sources\u2026","rel":"","context":"In "Speed Round"","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\/638402","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=638402"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/638402\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/638363"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=638402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=638402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=638402"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=638402"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=638402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}