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.
ERC | Egypt Oil & Gas - Part 2
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.
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.
Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020
The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.
ERC Supplies 100,000 Tons of Petroleum Products
The Egyptian Refining Company (ERC) has supplied 100,000 tons of low-sulfur petroleum products from its operational trials.
ERC Commercial Operations to Start in Q3 2019
ERC is 99.28% complete, and the diesel producing unit has been successfully tested.
ERC Seeks $80 M Loan from CIB
CIB is arranging the $80 million loan for ERC to fund the general capital.
Qalaa Holdings Showcases ERC at African Forum
Qalaa Holdings Company presented its $4.3 billion Egyptian Refining Company (ERC) at the African Investment Forum as a case study for boosting the attractiveness of private investment using policy reform.
Qalaa Holdings Looks to Increase Shares in ERC
Qalaa Holdings is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), according to the company's managing director.
Qalaa Holding to Increase Stakes in ERC
Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC).
