ERC Contributes 80% to Qalaa Holdings Revenues in 2022
Qalaa Holdings's consolidated revenues reaching EGP 26.981 billion in the second quarter of 2022, making a 165% year-on-year (YoY) increase.
Taqa Arabia | Egypt Oil & Gas - Part 2
Egypt’s TAQA Arabia, Saudi Natural Gas Distribution Co. Sign Gas Transportation Services, Networks MoU
Egypt's TAQA Arabia has inked a memorandum of understanding (MoU) with Saudi Arabia's Natural Gas Distribution Company to cooperate in developing and operating gas transportation services and gas networks.
Qalaa Holdings Achieves Revenue Growth of 134% YoY in Q1 2022
Qalaa Holdings company announced that it has achieved an annual growth in its revenues of 134% after reaching EGP 18.7 billion in Q1 2022 and recurring EBITDA of EGP 3.9 billion compared to EGP 90.5 million in Q1 ...
TAQA Arabia Converts First CNG Cars in Equatorial Guinea
TAQA Arabia, the full-service energy and utility distribution market leader in Egypt, has used its experience and knowledge in compressed natural gas (CNG) technology as it enabled vehicles to be fueled by natural ...
TAQA Arabia Acquires Rosetta Energy LNG Arm
TAQA Arabia Group, the leading power distribution and integrated services company in Egypt, announced its acquisition of the liquefied natural gas (LNG) arm of Rosetta Energy, to expand its business in Egypt, Afri ...
Qalaa Holdings Revenues Grow by 27% YoY Driven by Energy Subsidiaries
Qalaa Holdings announced strong revenue growth of 27% year-on-year (YoY), recording EGP 45.8 billion in 2021, through the strong performance of its subsidiaries, especially the Egyptian Refining Company (ERC) and ...
PM Witnesses Operation of Natural Gas Connection Project in Kharga
During his visit to the New Valley, Prime Minister Mostafa Madbouly witnessed the operation of the first phase of Household Natural Gas Connection Project in Kharga, in the presence of senior officials.
EIGHTEEN, TAQA Power Sign Long-term Agreement for Energy Solutions
EIGHTEEN has signed an agreement with TAQA Power for the electrification of “EIGHTEEN project” and to put in place an effective distribution network to meet the developers needs with a highly reliable & effective ...
Qalaa’s Consolidated Revenues Increase 37% YoY
At ERC, despite a 22-day stoppage due to a scheduled maintenance in 2Q21, the refinery’s revenues increased by 52% year-on-year on the back of recovering market conditions.
TAQA Arabia, MAN Energy Sign MoU on Egyptian Green Hydrogen Project
According to the MoU, MAN Energy will provide technical information on employing electrolysis for a hydrogen-plant solution, due to run until autumn 2022.
