ERC | Egypt Oil & Gas

ERC to Settle Mostorod Loans by Q1 2025

The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has announced its intention to complete the repayment of $1.25 billion in initial loans for the Mostorod Refinery Project during the first quart ...

ERC’s Margins Push Qalaa Holdings’ Revenue Up to EGP 97.7 billion in FY 2022

Qalaa Holdings Company has announced that it has achieved remarkable growth in its revenues reached to EGP 97.7 billion in the fiscal year (FY) 2022 compared to EGP 4.1 billion in FY 2021 increasing by 113% driven ...

ERC Contributes 80% to Qalaa Holdings Revenues in 2022

Qalaa Holdings's consolidated revenues reaching EGP 26.981 billion in the second quarter of 2022, making a 165% year-on-year (YoY) increase.

Qalaa Holdings Revenues Grow by 27% YoY Driven by Energy Subsidiaries

Qalaa Holdings announced strong revenue growth of 27% year-on-year (YoY), recording EGP 45.8 billion in 2021, through the strong performance of its subsidiaries, especially the Egyptian Refining Company (ERC) and ...

Qalaa’s Consolidated Revenues Increase 37% YoY

At ERC, despite a 22-day stoppage due to a scheduled maintenance in 2Q21, the refinery’s revenues increased by 52% year-on-year on the back of recovering market conditions.

El Molla: Egypt to Achieve Self-Sufficiency of Petroleum Products by 2023

The Minister of Petroleum and Mineral Resources, announced that Egypt will achieve self-sufficiency of petroleum products especially octane by 2023.

El Molla Checks Trial Operation of New High Value Petroleum Products Complex

The Minister of Petroleum and Mineral resources, Tarek El Molla, has checked through a visit the trial operation of the new complex project for producing high value petroleum products owned by the Egyptian Refiner ...

Egypt Invests EGP 1 T in Upstream Projects

The Ministry of Petroleum invests one trillion Egyptian pounds in the Oil and Gas production projects and EGP 460 billion in petrochemicals and refining projects.

ERC Inks Pet Coke Deal with ACC

Arabian Cement Company (ACC) signed a Petroleum Coke (pet coke) deal with Egyptian Refining Co (ERC), which states that ERC should supply 300,000 tons of pet coke per year to ACC.

Qalaa Holdings Explains Reduced Stake in ERC

Qalaa Holdings has confirmed in a market statement that its stake in the Egyptian Refining Company (ERC) has decreased to 13.14% because other shareholders have underwritten additional equity.

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