The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, has settled $417 million of its senior debt, reducing the balance to $63 million from a peak level of $2.35 billion, the company said in a discl ...
The Board of Directors of Qalaa Holdings Company, Ahmed Heikal, said that Mostorod Refinery project will achieve savings for the country worth between $600 million to $1 billion per year.
Qalaa Holding Company has announced plans to boost its indirect ownership of the Egyptian Refining Company (ERC).
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