{"id":652208,"date":"2017-01-03T04:07:50","date_gmt":"2017-01-03T04:07:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/"},"modified":"2017-01-03T04:07:50","modified_gmt":"2017-01-03T04:07:50","slug":"two-oil-companies-reach-agreements-to-pay-suppliers-in-egp","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/","title":{"rendered":"Two oil companies reach agreements to pay suppliers in EGP"},"content":{"rendered":"<p>Oil and gas companies SDX Energy and Merlon International have reportedly reached agreements with their suppliers and contractors in Egypt to repay them in EGP, sources told <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=317056\">Al Mal<\/a>. The initial agreements allowed companies to pay 40% of their receivables in EGP, but the fall in international oil prices, delays in payments from EGPC, and the EGP devaluation have driven the companies to increase the portion they pay in EGP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil and gas companies SDX Energy and Merlon International have reportedly reached agreements with their suppliers and contractors in Egypt to repay them in EGP, sources told Al Mal. The initial agreements allowed companies to pay 40% of their receivables in EGP, but the fall in international oil prices, delays in payments from EGPC, and [&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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652208","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"22460add-cb97-4d0f-ab8c-ebfbc6ec0955","order":"0","is_powered_by":true,"section_story_id":"5d385291-814b-43fa-9a85-82574e68e5e4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[652177],"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>Two oil companies reach agreements to pay suppliers in EGP - 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\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two oil companies reach agreements to pay suppliers in EGP\" \/>\n<meta property=\"og:description\" content=\"Oil and gas companies SDX Energy and Merlon International have reportedly reached agreements with their suppliers and contractors in Egypt to repay them in EGP, sources told Al Mal. The initial agreements allowed companies to pay 40% of their receivables in EGP, but the fall in international oil prices, delays in payments from EGPC, and [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-03T04:07:50+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\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Two oil companies reach agreements to pay suppliers in EGP\",\"datePublished\":\"2017-01-03T04:07:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\"},\"wordCount\":79,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\",\"name\":\"Two oil companies reach agreements to pay suppliers in EGP - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2017-01-03T04:07:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Two oil companies reach agreements to pay suppliers in EGP\"}]},{\"@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":"Two oil companies reach agreements to pay suppliers in EGP - 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\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/","og_locale":"en_US","og_type":"article","og_title":"Two oil companies reach agreements to pay suppliers in EGP","og_description":"Oil and gas companies SDX Energy and Merlon International have reportedly reached agreements with their suppliers and contractors in Egypt to repay them in EGP, sources told Al Mal. The initial agreements allowed companies to pay 40% of their receivables in EGP, but the fall in international oil prices, delays in payments from EGPC, and [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2017-01-03T04:07:50+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\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Two oil companies reach agreements to pay suppliers in EGP","datePublished":"2017-01-03T04:07:50+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/"},"wordCount":79,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["energy","EnterpriseAM"],"articleSection":["Energy"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/","url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/","name":"Two oil companies reach agreements to pay suppliers in EGP - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2017-01-03T04:07:50+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/03\/two-oil-companies-reach-agreements-to-pay-suppliers-in-egp\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Two oil companies reach agreements to pay suppliers in EGP"}]},{"@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":542782,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/01\/17\/egp-30-bn-to-be-pumped-into-state-owned-oil-companies-next-fiscal-year\/","url_meta":{"origin":652208,"position":0},"title":"EGP 30 bn to be pumped into \u200b\u200bstate-owned oil companies next fiscal year","author":"enterpriseam admin","date":"17 January 2022","format":false,"excerpt":"EGP 30 bn has been earmarked to develop state-owned oil companies in the FY2022-2023 budget, Oil Minister Tarek El Molla said, according to a ministry statement, adding that the figure is the highest ever allocated. To our knowledge, the ministry has not disclosed total spending on state-owned oil companies in\u2026","rel":"","context":"In &quot;BUDGET WATCH&quot;","block_context":{"text":"BUDGET WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/budget-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/1\/188.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595784,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/06\/fra-give-itself-more-power-in-insurance-act\/","url_meta":{"origin":652208,"position":1},"title":"FRA give itself more power in Insurance Act","author":"enterpriseam admin","date":"6 August 2019","format":false,"excerpt":"LEGISLATION WATCH- FRA makes new amendments to the Insurance Act: The financial Regulatory Authority (FRA) has made new amendments to the final draft of the Insurance Act to encourage financial inclusion, Youm7 reported. The amendments include requiring insurance companies to present a certificate from a CBE-registered bank as proof that\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\/2019\/8\/1971.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595093,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/16\/eetc-settles-egp-1-9-bn-cost-sharing-bill-increase-with-benban-solar-companies\/","url_meta":{"origin":652208,"position":2},"title":"EETC settles EGP 1.9 bn cost-sharing bill increase with Benban solar companies","author":"enterpriseam admin","date":"16 September 2019","format":false,"excerpt":"The Egyptian Electricity Transmission Company (EETC) has reached an agreement with the Benban Solar Energy Developer Association that will see the developers pay the EGP 1.9 bn increase in the cost-sharing bill for projects in the Benban solar park, EETC Chairman Sabah Mashali tells Al Mal. The companies working on\u2026","rel":"","context":"In &quot;Energy&quot;","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":574301,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/export-subsidy-fund-to-pay-out-egp-400-mn-in-overdue-subsidies-in-september\/","url_meta":{"origin":652208,"position":3},"title":"Export Subsidy Fund to pay out EGP 400 mn in overdue subsidies in September","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"The Export Subsidy Fund will dole out EGP 400 mn in export subsidies this month after inking 35 new agreements with exporters to disburse EGP 2 bn in subsidy arrears, Finance Minister Mohamed Maait said in a statement yesterday. This brings the total number of agreements signed with exporters since\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\/2020\/9\/68.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545901,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/17\/were-paying-more-at-the-pumps\/","url_meta":{"origin":652208,"position":4},"title":"We\u2019re paying more at the pumps","author":"enterpriseam admin","date":"17 April 2022","format":false,"excerpt":"The government raised fuel prices by c. 3% over the weekend amid a rise in global oil prices on the back of Russia\u2019s invasion of Ukraine. In its latest quarterly meeting, the fuel pricing committee decided to raise prices at the pumps by another EGP 0.25 per liter for 95,\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/285.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":571918,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/04\/egypts-govt-to-waive-egp-5-3-bn-worth-of-natgas-arrears-by-factories\/","url_meta":{"origin":652208,"position":5},"title":"Egypt\u2019s gov\u2019t to waive EGP 5.3 bn-worth of natgas arrears by factories","author":"enterpriseam admin","date":"4 June 2020","format":false,"excerpt":"CABINET WATCH- Cabinet greenlights Oil Ministry proposal to waive EGP 5.3 bn-worth of natural gas arrears owed by factories: Struggling state-owned and private sector factories will not have to pay EGP 5.3 bn in overdue bills for natural gas they bought from subsidiaries of the Oil Ministry on or before\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\/2020\/6\/48.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652208","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=652208"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/652208\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/652177"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=652208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=652208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=652208"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=652208"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=652208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}