ERC to Receive $76 MM By the End of December

• Tuesday, 3rd December 2019
• by Fatma Ahmed

The Deputy CFO of the Egyptian Refining Company (ERC), Aliaa Heikal, announced that her company targets to receive $76 million from Japanese and Korean banks by the end of December 2019, according to Amwal El-Ghad. Th...

Qalaa Holdings Commences Hydrocracker Operations

• Sunday, 15th September 2019
• by Editorial Team

Qalaa Holdings (CCAP.CA), has declared the successful operation of the Hydrocracker in its flagship project, Egyptian Refining Company “ERC”. The Egyptian investment company confirmed on September 12 that the project ...

EGPC Aims to Increase Refineries’ Capacity in 2017

• Wednesday, 2nd March 2016
• by Egypt Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) aims to increase refineries capacity to reach 30m tons of crude oil in the second half of 2017, Al Mal News reported. Official resources at EGPC affirmed that when Mos...

Oil Minister Visited Refining Companies

• Monday, 29th February 2016
• by Egypt Oil & Gas

Minister of Petroleum and Mineral Resources, Tarek El-Molla, visited the Egyptian Refining Company, the Cairo Oil Refining Company, and Petrogas in the Mostorod area in the Qalyubia province, accompanied by several of...

Government raises its stake in controversial Egyptian Refining Company

• Tuesday, 12th April 2011
• by Egypt Oil & Gas

The Egyptian General Petroleum Corporation raised its stake in Egyptian Refining Company, upping overall public stake to 49.5 per cent in a new oil refinery, says company’s chairman. The Egyptian General Petrole...

IFC invests $120m in Egyptian Refining Company

• Tuesday, 6th July 2010
• by Egypt Oil & Gas

Citadel Capital, the leading private equity firm in the Middle East and Africa with $8.3bn in investments under control, announced today the International Finance Corporation (IFC) is investing $120m in the Egyptian R...