ERC | Egypt Oil & Gas - Part 3
Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020
Qalaa Holdings’ revenues are expected to exceed EGP 90 billion in 2020, the company’s Chairman, Ahmed Heikal, told Reuters. The company will gain between EGP 50-55 billion from the Egyptian Refining Compan...
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, Qalaa Holdings Company announced, according to Amwal Al Ghad. The operational trials of the c...
ERC Commercial Operations to Start in Q3 2019
Qalaa Holdings Company announced that its Egyptian Refining Company (ERC) is going to start commercial operations in Q3 2019, Egypt Oil & Gas reports. ERC is 99.28% complete, and the diesel producing unit has been...
ERC Seeks $80 M Loan from CIB
The Egyptian Refining Company (ERC), Al Qalaa Holdings’ affiliate, seeks to obtain an $80 million loan from the Commercial International Bank (CIB) Egypt, Sources told Reuters. CIB is arranging the $80 million l...
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, Egypt Oil &a... Qalaa Holdings Looks to Increase Shares in ERC
Qalaa Holdings is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), Qalaa managing director, Hisham El Khazindar, told Al Borsa. Qalaa Holdings currently owns 16.2% of the company&#... Qalaa Holding to Increase Stakes in ERC
Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC), Egypt Oil & Gas reports. A regulatory filing revealed that the company is in talks with financial c...
Mostorod Refinery to Start Operations Before 2019
The Mostorod refinery is projected to start operations by the end of 2018, said Mohamed Saad, Managing Director of the Egyptian Refining Company (ERC), according to Amwal Al Ghad. The complex will have an annual produ...
