{"id":651467,"date":"2017-02-13T04:04:43","date_gmt":"2017-02-13T04:04:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/"},"modified":"2017-02-13T04:04:43","modified_gmt":"2017-02-13T04:04:43","slug":"egas-looking-to-borrow-egp-2-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/","title":{"rendered":"EGAS looking to borrow EGP 2 bn"},"content":{"rendered":"

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<\/a> 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 back over five years with a two-year grace period over which the loan will be completely issued and spent. This could come as good news for Dana Gas that has reportedly<\/a> frozen its investments in Egypt over USD 265 mn of unpaid dues as of the end of 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 back over five years with […]<\/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-651467","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"55e445fc-8795-41f0-b65b-699bfa8c7adf","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[651436],"teaser":"","voice_url":""},"yoast_head":"\nEGAS looking to borrow EGP 2 bn - 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\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGAS looking to borrow EGP 2 bn\" \/>\n<meta property=\"og:description\" content=\"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 back over five years with […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-13T04:04:43+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\/02\/13\/egas-looking-to-borrow-egp-2-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGAS looking to borrow EGP 2 bn\",\"datePublished\":\"2017-02-13T04:04:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\"},\"wordCount\":102,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\",\"name\":\"EGAS looking to borrow EGP 2 bn - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-02-13T04:04:43+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGAS looking to borrow EGP 2 bn\"}]},{\"@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":"EGAS looking to borrow EGP 2 bn - 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\/02\/13\/egas-looking-to-borrow-egp-2-bn\/","og_locale":"en_US","og_type":"article","og_title":"EGAS looking to borrow EGP 2 bn","og_description":"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 back over five years with […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-02-13T04:04:43+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGAS looking to borrow EGP 2 bn","datePublished":"2017-02-13T04:04:43+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/"},"wordCount":102,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["energy","EnterpriseAM"],"articleSection":["Energy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/","name":"EGAS looking to borrow EGP 2 bn - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-02-13T04:04:43+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/13\/egas-looking-to-borrow-egp-2-bn\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGAS looking to borrow EGP 2 bn"}]},{"@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\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":651627,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/02\/16\/banque-du-caire-arranging-egp-2-bn-loan-for-egas\/","url_meta":{"origin":651467,"position":0},"title":"Banque du Caire arranging EGP 2 bn loan for EGAS","author":"enterpriseam admin","date":"16 February 2017","format":false,"excerpt":"Banque du Caire is arranging an EGP 2 bn loan for EGAS, Al Mal reported. The loan will be paid back over a period of seven years, including a two-year grace period over which the loan will be completely issued and spent. We had earlier reported EGAS was looking to\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":647607,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/15\/egas-receives-egp-1-8-bn-package-from-eight-bank-consortium\/","url_meta":{"origin":651467,"position":1},"title":"EGAS receives EGP 1.8 bn package from eight-bank consortium","author":"enterpriseam admin","date":"15 May 2017","format":false,"excerpt":"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,\u2026","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":629338,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/28\/nbk-egypt-to-arrange-egp-3-bn-facility-for-egas\/","url_meta":{"origin":651467,"position":2},"title":"NBK-Egypt to arrange EGP 3 bn facility for EGAS","author":"enterpriseam admin","date":"28 May 2018","format":false,"excerpt":"The National Bank of Kuwait (NBK)-Egypt won a tender to arrange a EGP 3 bn loan for EGAS, as it looks to connect more homes to the natural gas grid, unnamed sources tell Al Mal. 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":651467,"position":3},"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":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":651467,"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":642549,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/16\/nbe-banque-misr-arranging-egp-3-bn-loan-for-general-petroleum-company\/","url_meta":{"origin":651467,"position":5},"title":"NBE, Banque Misr arranging EGP 3 bn loan for General Petroleum Company","author":"enterpriseam admin","date":"16 August 2017","format":false,"excerpt":"The National Bank of Egypt and Banque Misr are arranging a EGP 3 bn facility for the General Petroleum Company (GPC) to finance exploration and drilling operations, as well as debt restructuring, Al Mal reports. NBE and Banque Misr are in talks with a number of banks including the Egyptian\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651467","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=651467"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/651467\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/651436"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=651467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=651467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=651467"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=651467"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=651467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}