ERC Seeks $80 M Loan from CIB
CIB is arranging the $80 million loan for ERC to fund the general capital.
CIB is arranging the $80 million loan for ERC to fund the general capital.
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 is in negotiations to increase its shareholdings in the Egyptian Refining Company (ERC), according to the company's managing director.
Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC).
The Mostorod refinery is projected to start operations by the end of 2018.
The Egyptian Refining Company has conducted assessments of the economic and educational needs of residents living in the neighborhood adjacent to the company.
The Egyptian Refining Company announced completing 96.5% of construction work for Mostorod refinery.
Once the plant starts operations, it will decrease the country's need for diesel by around 50% and that of imported gasoline by 20%.
Saudi Aramco is considering exporting crude oil to Egypt for refining
Operations at the Egyptian Refining Company’s (ERC) new refinery will begin next September.