{"id":648507,"date":"2017-04-05T04:05:13","date_gmt":"2017-04-05T04:05:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/"},"modified":"2017-04-05T04:05:13","modified_gmt":"2017-04-05T04:05:13","slug":"mckinsey-co-to-advise-on-egpc-restructuring","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/","title":{"rendered":"McKinsey &#038; Co. to advise on EGPC restructuring"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> We love the smell of fees in the morning: <strong>McKinsey & Company has been tapped to advise the government on the restructuring <\/strong><strong>of the EGPC<\/strong> and its subsidiaries, beating out Ernst & Young, Navigant, and a PwC and Logic Consultancy partnership, <a href=\"http:\/\/www.alborsanews.com\/2017\/04\/04\/1006382\">sources told Al Borsa<\/a> on Tuesday. It will take a year to put together the restructuring plan, which will be funded by the World Bank and Petroleum Ministry, the sources added. The plan will include an updated strategy for fuel subsidies, transparency and accountability procedures, and debt repayment scheduling.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We love the smell of fees in the morning: McKinsey &#038; Company has been tapped to advise the government on the restructuring of the EGPC and its subsidiaries, beating out Ernst &#038; Young, Navigant, and a PwC and Logic Consultancy partnership, sources told Al Borsa on Tuesday. It will take a year to put together [&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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648507","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"add26ae7-44a9-4d09-bd07-f1ede1a08c59","order":"0","is_powered_by":true,"section_story_id":"819240e0-5c00-4f7e-84a4-b7ab8e88ed53","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648492],"teaser":"","voice_url":""},"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>McKinsey &amp; Co. to advise on EGPC restructuring - 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\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McKinsey &amp; Co. to advise on EGPC restructuring\" \/>\n<meta property=\"og:description\" content=\"We love the smell of fees in the morning: McKinsey &amp; Company has been tapped to advise the government on the restructuring of the EGPC and its subsidiaries, beating out Ernst &amp; Young, Navigant, and a PwC and Logic Consultancy partnership, sources told Al Borsa on Tuesday. It will take a year to put together [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-05T04:05:13+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\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"McKinsey &#038; Co. to advise on EGPC restructuring\",\"datePublished\":\"2017-04-05T04:05:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\"},\"wordCount\":95,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\",\"name\":\"McKinsey & Co. to advise on EGPC restructuring - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-04-05T04:05:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"McKinsey &#038; Co. to advise on EGPC restructuring\"}]},{\"@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":"McKinsey & Co. to advise on EGPC restructuring - 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\/2017\/04\/05\/mckinsey-co-to-advise-on-egpc-restructuring\/","og_locale":"en_US","og_type":"article","og_title":"McKinsey & Co. to advise on EGPC restructuring","og_description":"We love the smell of fees in the morning: McKinsey & Company has been tapped to advise the government on the restructuring of the EGPC and its subsidiaries, beating out Ernst & Young, Navigant, and a PwC and Logic Consultancy partnership, sources told Al Borsa on Tuesday. 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The mandate encompasses creating strategy on everything from lifting of fuel subsidies and\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":572114,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/egyptair-gets-a-breather-on-jet-fuel-arrears-to-egpc\/","url_meta":{"origin":648507,"position":1},"title":"EgyptAir gets a breather on jet fuel arrears to EGPC","author":"enterpriseam admin","date":"11 June 2020","format":false,"excerpt":"CABINET WATCH- EgyptAir gets a breather on arrears to EGPC: The Madbouly Cabinet agreed yesterday to waive 50% of the late fees on monthly jet fuel payments that national flag carrier EgyptAir owes the Egyptian General Petroleum Company (EGPC), according to a Cabinet statement. The decision also includes a debt\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":629259,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/27\/egpc-set-to-receive-usd-850-mn-in-loans-from-local-banking-consortium-to-repay-iocs\/","url_meta":{"origin":648507,"position":2},"title":"EGPC set to receive USD 850 mn in loans from local banking consortium to repay IOCs?","author":"enterpriseam admin","date":"27 May 2018","format":false,"excerpt":"EGPC to set receive USD 850 mn in financing from domestic banking consortium to repay IOCs? The Finance Ministry has reportedly agreed to issue letters of guarantee for two loans to the EGPC worth a combined USD 850 mn, sources close to the matter tell Al Mal. The funding, which\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":625430,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/05\/shalakany-law-tapped-as-legal-advisor-for-egpc-reorganization\/","url_meta":{"origin":648507,"position":3},"title":"Shalakany Law tapped as legal advisor for EGPC reorganization","author":"enterpriseam admin","date":"5 August 2018","format":false,"excerpt":"Shalakany Law Office has been selected as legal advisor on the reorganization of the EGPC and its subsidiaries, El Shalakany Partner Mariam Fahmy tells Amwal Al Ghad. The operational restructuring process, which is hoped would boost production and efficiency, is expected to be complete by end-2018, Fahmy says.","rel":"","context":"In &quot;Law&quot;","block_context":{"text":"Law","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/law\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626896,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/15\/egpc-taps-hsbc-to-arrange-usd-1-bn-syndicated-loan\/","url_meta":{"origin":648507,"position":4},"title":"EGPC taps HSBC to arrange USD 1 bn syndicated loan","author":"enterpriseam admin","date":"15 July 2018","format":false,"excerpt":"The EGPC has reportedly tapped HSBC to arrange a USD 1 bn syndicated facility, banking sources told Reuters over the weekend. The loan, which the sources said is being syndicated to other banks, will have a five-year maturity and will be used partially \u201cto pre-pay EGPC cargo deliveries.\u201c The facility\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":573183,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/22\/restructuring-plans-for-egypts-holding-co-for-maritime-to-be-complete-this-year\/","url_meta":{"origin":648507,"position":5},"title":"Restructuring plans for Egypt\u2019s Holding Co for Maritime to be complete this year","author":"enterpriseam admin","date":"22 July 2020","format":false,"excerpt":"PRIVATIZATION WATCH- Restructuring plans for Holding Co for Maritime to be complete this year: A consortium of consulting firms tapped to evaluate the Holding Company for Maritime and Land Transport is expected to complete a restructuring and development plan for the company and its subsidiaries by the end of 2020,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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\/648507","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=648507"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/648507\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/648492"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=648507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=648507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=648507"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=648507"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=648507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}