ERC | Egypt Oil & Gas - Part 2
ERC’s Margins Push Qalaa Holdings’ Revenue Up to EGP 97.7 billion in FY 2022
Qalaa Holdings Company has announced that it has recorded a 113% y-o-y increase in revenue to EGP 97.7 billion in FY22, and recurring EBITDA of EGP 32.3 billion compared to EGP 4.1 billion in FY21. The solid performa... 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. This comes as the Egyptian Refining Company (ERC) contributed with 80%...
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 TAQA...
Qalaa’s Consolidated Revenues Increase 37% YoY
Qalaa’s consolidated revenues increased 37% year on year (YoY) reaching EGP 10.2 billion during 2021. Meanwhile, the company’s recurring earnings before interest, taxes, depreciation, and amortization (EBITDA) g...
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, according to the official Facebook page of the ministry. This came d...
El Molla Checks Trial Operation of New High Value Petroleum Products Complex
The Minister of Petroleum and Mineral resources, Tarek El Molla, has checked the trial operation of the new complex project for producing high value petroleum products owned by the Egyptian Refinery Company (ERC), a p...
Egypt Invests EGP 1 T in Upstream Projects
The Ministry of Petroleum and Mineral Resources invested EGP 1 trillion in the oil and gas production projects, including $32.6 billion for the operating projects, $12.7 billion for the projects under establishment an...
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, which the company has already begun t...
