ERC Commercial Operations to Start in Q3 2019

• Wednesday, 27th February 2019
• by Sarah Samir

Qalaa Holdings Company announced that its Egyptian Refining Company (ERC) is going to start commercial operations in Q3 2019, Egypt Oil & Gas reports. ERC is 99.28% complete, and the diesel producing unit has been...

ERC Seeks $80 M Loan from CIB

• Wednesday, 20th February 2019
• by Sarah Samir

The Egyptian Refining Company (ERC), Al Qalaa Holdings’ affiliate, seeks to obtain an $80 million loan from the Commercial International Bank (CIB) Egypt, Sources told Reuters. CIB is arranging the $80 million l...

TAQA Arabia and Castrol Establish New Joint Venture

• Monday, 4th June 2018
• by Editorial Team

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, Egypt Oil & Gas reported. TAQA currently has exclusiv...

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

• Tuesday, 14th November 2017
• by Sarah Samir

Operations at the Egyptian Refining Company’s (ERC) new refinery will begin next September, the Chairman of ERC, Ahmed Heikal, said, according to Bloomberg. Construction at the site should be finished in June, he said...

TAQA Arabia Considers Constructing New 50MW Power Plant

• Monday, 11th July 2016
• by Egypt Oil & Gas

Egypt’s largest private sector energy distribution company, TAQA Arabia, is considering establishing a new 50MW-capacity solar power plant, in addition to the existing 50MW solar power project that the company seeks t...