Egyptian Refining Company Clears Senior Debt

• Sunday, 28th June 2026
• by Fatma Ahmed

The Egyptian Refining Company (ERC) has fully paid off its senior debt, marking a major milestone in its financial restructuring, according to a statement by Qalaa Holdings, which owns 13 % of ERC. The repayment would...

ERC Cuts Senior Debt to $63Mn from $2.35Bn

• Sunday, 21st December 2025
• by Fatma Ahmed

The Egyptian Refining Company (ERC) has settled $417 million of its senior debt, reducing its remaining debt to $63 million from a peak of $2.35 billion, according to a disclosure to the Egyptian Exchange by the compa...

Heikal: Mostorod Refinery to Achieve Savings Worth $1 B Yearly

• Monday, 28th September 2020
• by Fatma Ahmed

Chairman of the Board of Directors of Qalaa Holdings, Ahmed Heikal, said that Mostorod Refinery project will achieve savings for the country between $600 million to $1 billion per year, according to Al Mal. Heikal sai...

Qalaa Holding to Increase Stakes in ERC

• Monday, 14th May 2018
• by Sarah Samir

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...