{"id":646510,"date":"2017-06-15T03:59:20","date_gmt":"2017-06-15T03:59:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/"},"modified":"2017-06-15T03:59:20","modified_gmt":"2017-06-15T03:59:20","slug":"midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/","title":{"rendered":"MIDOR seeks USD 1.2 bn facility to fund expansion plans"},"content":{"rendered":"

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<\/a>. The loan is set to finance expansion plans for its refineries, as it wants to bring its refining capacity up by 15% y-o-y in FY2017<\/a> to 39 mn bbl of refined crude. The facility is expected to be signed before year-end. A preliminary agreement had been signed last year. MIDOR then obtained a funding guarantee from the Italian Export Credit Agency.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 to bring its refining capacity […]<\/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-646510","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"c5e36fde-deee-4913-900f-65414a80243b","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[646483],"teaser":"","voice_url":""},"yoast_head":"\nMIDOR seeks USD 1.2 bn facility to fund expansion plans - 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\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDOR seeks USD 1.2 bn facility to fund expansion plans\" \/>\n<meta property=\"og:description\" content=\"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 to bring its refining capacity […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-06-15T03:59:20+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\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"MIDOR seeks USD 1.2 bn facility to fund expansion plans\",\"datePublished\":\"2017-06-15T03:59:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\"},\"wordCount\":104,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/06\/15\/midor-seeks-usd-1-2-bn-facility-to-fund-expansion-plans\/\",\"name\":\"MIDOR seeks USD 1.2 bn facility to fund expansion plans - 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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":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":646510,"position":1},"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. 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MIDOR had reached a preliminary agreement with the\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":623489,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/midor-signs-usd-1-2-bn-loan-agreement-with-three-eu-banks\/","url_meta":{"origin":646510,"position":3},"title":"MIDOR signs USD 1.2 bn loan agreement with three EU banks","author":"enterpriseam admin","date":"31 October 2018","format":false,"excerpt":"State-owned company Middle East Oil Refinery (MIDOR) was meant to have signed yesterday the final contracts for a 10-year USD 1.2 bn syndicated loan from Cr\u00e9dit Agricole, BNP Paribas, and Italy\u2019s CDP, sources said. 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