Qatar Petroleum owns 38.1% in the Arab Refinery Company, which in turn owns 66.6% in ERC, while Qalaa Holdings holds, directly and indirectly, an effective equity stake of 13.14% in ERC.
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Company estimates that Bay Village and Bay Condos will be completely delivered by 2023
The repayment of the refinery’s loan will begin in mid-2019, says Saad
Mechanical works to be completed in May, soft operation begins in June 2018
A senior official at the ERC told Daily News Egypt that the EGPC will contribute by 24% in the project’s paid-up capital; $1.134bn from shareholders and $2.6bn from banks.
Over first nine months of 2015, company achieved EGP 196.4m in net profits, against EGP 43.8m in losses
Extensive analysis and reactions by different groups continue amid tense political climate following Barakat’s killing
KarmSolar company will rent ERC’s 50,000 sqm land while ERC receives 2% of the project’s profits
Contract signed to supply diesel production to EGPC at global prices for 25 years
The seaside units are expected to be constructed by 2015
The rowing community in Cairo is a small and passionate group who are looking to grow