Al Qalaa Holdings | Egypt Oil & Gas

Qalaa Holdings Receives $120 M for ERC

The final tranche was requested by ERC's project finance lenders and is divided into $70 million for capital increase and $50 million for shareholders' loan.

Edison to Drill 3 Wells in Egypt

Edison's Commercial Manager, Tarek Shalaby, stated that the Italian firm will start drilling 3 new wells in its gas concessions in Egypt including South Edco, Abu Qir, and North West El Gendy during January 2017

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