Qalaa Holdings | Egypt Oil & Gas - Part 2

Qalaa Holdings’ Revenues to Exceed EGP 90 B in 2020

The company will gain between EGP 50-55 billion from the Egyptian Refining Company (ERC), which is set to start operating in Q3 2019.

ERC Supplies 100,000 Tons of Petroleum Products

The Egyptian Refining Company (ERC) has supplied 100,000 tons of low-sulfur petroleum products from its operational trials.

ERC Commercial Operations to Start in Q3 2019

ERC is 99.28% complete, and the diesel producing unit has been successfully tested.

ERC Seeks $80 M Loan from CIB

CIB is arranging the $80 million loan for ERC to fund the general capital.

TAQA Arabia and Castrol Establish New Joint Venture

Qalaa Holdings has announced the establishment of a new joint venture between its subsidiary TAQA Arabia and BP subsidiary Castrol with EGP 20 million capital.

ERC’s $3.7B Refinery to Come Online Next September

Operations at the Egyptian Refining Company’s (ERC) new refinery will begin next September.

TAQA Arabia Considers Constructing New 50MW Power Plant

Egypt’s largest private sector energy distribution company, TAQA Arabia, is considering establishing a new 50MW-capacity solar power plant. It will come in addition to the existing 50 MW solar plant project that the ...

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