Egyptian Qalaa Holdings is positive that its new mega refinery will reduce the country’s dependence on oil imports, according to what its Chairman, Ahmed Heikal, said in an interview.
Investors in an Egyptian petroleum refinery project, led by Citadel Capital and Qatar Petroleum, have secured $3.7 billion in financing for the facility, the project operator said.
The Egyptian General Petroleum Corporation raised its stake in Egyptian Refining Company, upping overall public stake to 49.5 per cent in a new oil refinery, says company's chairman.