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.
ERC | Egypt Oil & Gas - Part 2
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.
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.
