ERC to Receive $76 MM By the End of December

• Tuesday, 3rd December 2019
• by Fatma Ahmed

The Deputy CFO of the Egyptian Refining Company (ERC), Aliaa Heikal, announced that her company targets to receive $76 million from Japanese and Korean banks by the end of December 2019, according to Amwal El-Ghad. Th...

ERC Completes 96.5% of Mostorod Refinery

• Tuesday, 6th March 2018
• by Sarah Samir

The Egyptian Refining Company (ERC) announced completing 96.5% of construction work for Mostorod refinery,  Amwal Al Ghad reported. The ERC has now spent $4.3 billion on the project. The ERC recently held its second a...

Total Eyes Iraq Oil Refinery

• Thursday, 1st March 2018
• by Sarah Samir

French oil company Total is considering bidding to build the green-field oil refinery in the Iraqi city of Nassiriya, Reuters reported. Two inside sources revealed to the news agency the company’s plans to bid f...

Egyptian Refining Company Delays Production to 2018Q2

• Thursday, 2nd March 2017
• by Sarah Samir

Qalaa Holdings subsidiary Egyptian Refining Company (ERC)’s CEO, Ahmed Hassanien Heikal, stated that the production of Mostorod project will be postponed to the 2nd quarter of 2018 due to construction delays. Heikal a...

EGPC Aims to Increase Refineries’ Capacity in 2017

• Wednesday, 2nd March 2016
• by Egypt Oil & Gas

The Egyptian General Petroleum Corporation (EGPC) aims to increase refineries capacity to reach 30m tons of crude oil in the second half of 2017, Al Mal News reported. Official resources at EGPC affirmed that when Mos...