ERC | Egypt Oil & Gas
Qalaa Channels Capital Hike to Energy Expansion, Liability Clearance
Qalaa Holdings, one of the MENA region’s largest investment firms, has submitted a detailed report outlining how it plans to use its upcoming capital increase to expand stakes in key energy assets and settle outstandi...
Qalaa Returns to Profit with EGP 200 Mn in H1 2026
Qalaa Holdings, a leading investment company in Africa and the Middle East, recorded a consolidated net profit after minority interest of EGP 200 million during the first half (H1) of 2026, compared with a net loss of... Qalaa Holdings Doubles Stake in ERC
Qalaa Holdings’ Board of Directors has approved expanding its indirect stake in the Egyptian Refining Company (ERC), one of the group’s energy assets. The move will see Qalaa’s effective ownership rise from 13.0% to 2...
Qalaa Holdings: ERC Runs Above Capacity, TAQA Arabia Delivers Growth in 2025
The Egyptian Refining Company (ERC), a leading Egyptian privately owned refinery, continued to run above its nameplate capacity and benefited from stronger refining spreads amid geopolitical volatility in global energ...
Egyptian Refining Company Clears Senior Debt
The Egyptian Refining Company (ERC) has fully paid off its senior debt, marking a major milestone in its financial restructuring, according to a statement by Qalaa Holdings, which owns 13 % of ERC. The repayment would...
ERC Cuts Senior Debt to $63Mn from $2.35Bn
The Egyptian Refining Company (ERC) has settled $417 million of its senior debt, reducing its remaining debt to $63 million from a peak of $2.35 billion, according to a disclosure to the Egyptian Exchange by the compa...
TAQA Arabia EBITDA Grew 35% YoY in Q3 2024
As Egypt’s leading private sector energy and utility provider, TAQA Arabia’s EBITDA expanded by 35% year on year (YoY) to EGP 571.1 million in Q3 of 2024. EBITDA growth for the period came mostly on the back of strong...
ERC Contributes c.90% to Qalaa’s Total Revenue in FY 2023
The Egyptian Refining Company (ERC) has contributed c.90% to Qalaa Holding’s total revenue during the financial year ending 31 December 2023 (FY 2023). Yet, ERC’s refining margins in FY 2023 saw a notable declin...
