{"id":647607,"date":"2017-05-15T03:32:23","date_gmt":"2017-05-15T03:32:23","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/"},"modified":"2017-05-15T03:32:23","modified_gmt":"2017-05-15T03:32:23","slug":"egas-receives-egp-1-8-bn-package-from-eight-bank-consortium","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/","title":{"rendered":"EGAS receives EGP 1.8 bn package from eight-bank consortium"},"content":{"rendered":"

A consortium of eight banks agreed to extend the Egyptian Natural Gas Holding Company (EGAS) an EGP 1.8 bn facility to finance its plans to increase natural gas production, Ahram Gate<\/a> reports. The five-year loan is arranged by Banque du Caire; EGP 220 mn from was contributed by Emirates NBD, according to Al Mal<\/a>. The plan includes production increases from Zohr and gas projects in the East Nile Delta.<\/p>\n","protected":false},"excerpt":{"rendered":"

A consortium of eight banks agreed to extend the Egyptian Natural Gas Holding Company (EGAS) an EGP 1.8 bn facility to finance its plans to increase natural gas production, Ahram Gate reports. The five-year loan is arranged by Banque du Caire; EGP 220 mn from was contributed by Emirates NBD, according to Al Mal. The […]<\/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":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647607","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"e8153525-e35a-435f-beab-6adda33f5c01","order":"0","is_powered_by":true,"section_story_id":"39d91ee6-d7de-46d8-bf02-7c910cda6eaa","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647571],"teaser":"","voice_url":""},"yoast_head":"\nEGAS receives EGP 1.8 bn package from eight-bank consortium - 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\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGAS receives EGP 1.8 bn package from eight-bank consortium\" \/>\n<meta property=\"og:description\" content=\"A consortium of eight banks agreed to extend the Egyptian Natural Gas Holding Company (EGAS) an EGP 1.8 bn facility to finance its plans to increase natural gas production, Ahram Gate reports. The five-year loan is arranged by Banque du Caire; EGP 220 mn from was contributed by Emirates NBD, according to Al Mal. The […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-15T03:32:23+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\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGAS receives EGP 1.8 bn package from eight-bank consortium\",\"datePublished\":\"2017-05-15T03:32:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/\"},\"wordCount\":75,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Automotive + Transportation\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive + Transportation\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/\",\"name\":\"EGAS receives EGP 1.8 bn package from eight-bank consortium - 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NBK-Egypt is already in talks with a number of local banks over the amount.","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":627533,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/06\/04\/united-bank-to-contribute-egp-570-mn-to-egas-loan\/","url_meta":{"origin":647607,"position":1},"title":"United Bank to contribute EGP 570 mn to EGAS loan","author":"enterpriseam admin","date":"4 June 2018","format":false,"excerpt":"The United Bank of Egypt is planning to contribute EGP 570 mn to an EGP 3 bn loan arranged by the National Bank of Kuwait (NBK)-Egypt for EGAS, as it looks to connect more homes to the natural gas grid, Chairman Ashraf El Kady said yesterday, according to Al Masry\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":574805,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/22\/three-intl-companies-consortium-bid-for-egp-20-bn-electric-train\/","url_meta":{"origin":647607,"position":2},"title":"Three int\u2019l companies, consortium bid for EGP 20 bn electric train","author":"enterpriseam admin","date":"22 September 2020","format":false,"excerpt":"The Aviation Industry Corporation of China, a consortium of French companies, and an unnamed Japanese consortium have submitted bids in the National Tunnels Authority\u2019s tender to implement the EGP 20 bn Damietta-Gamasa-Mansoura electric train line, Al Mal reports, citing unnamed Transport Ministry sources.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":651467,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/","url_meta":{"origin":647607,"position":3},"title":"EGAS looking to borrow EGP 2 bn","author":"enterpriseam admin","date":"13 February 2017","format":false,"excerpt":"EGAS is in talks with domestic banks for an EGP 2 bn loan to cover debt obligations including those to international oil companies, Al Mal reported. The banks include NBE, Banque Misr, Banque du Caire, CIB, AAIB, QNB, ADIB, and Alex Bank, sources said. EGAS wants to pay the loan\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":650504,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/26\/emirates-nbd-industrial-development-and-workers-bank-aibk-kick-combined-egp-520-mn-into-syndicated-facility-for-egas\/","url_meta":{"origin":647607,"position":4},"title":"Emirates NBD, Industrial Development and Workers Bank, AiBK kick combined EGP 520 mn into syndicated facility for EGAS","author":"enterpriseam admin","date":"26 March 2017","format":false,"excerpt":"Emirates NBD, the Industrial Development and Workers Bank of Egypt, and the Arab Investment Bank will provide a combined EGP 520 mn to the Egyptian Natural Gas Holding Company (EGAS), Al Mal reports, as part of an EGP 2 bn facility Banque du Caire is arrangingfor EGAS to pay back\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":573018,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/16\/nile-deltas-bashrush-gas-well-reserves-estimated-to-be-250-bn-cubic-feet\/","url_meta":{"origin":647607,"position":5},"title":"Nile Delta\u2019s Bashrush gas well reserves estimated to be 250 bn cubic feet","author":"enterpriseam admin","date":"16 July 2020","format":false,"excerpt":"Reserves at the Bashrush exploration well in the Nile Delta have been estimated to be around 250 bn cubic feet of natural gas, Masrawyreports, citing an unnamed official at the Egyptian Natural Gas Holding Company (EGAS). 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