{"id":603363,"date":"2019-04-21T04:00:10","date_gmt":"2019-04-21T04:00:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/"},"modified":"2019-04-21T04:00:10","modified_gmt":"2019-04-21T04:00:10","slug":"egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/","title":{"rendered":"Egyptian Refining Company USD 4 bn facility to come online in June"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <b>Qalaa\u2019s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June<\/b>, running at 60% capacity and ramping up to full production by September, Qalaa Holdings Chairman Ahmed Heikal <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/1390370\">told Al Masry Al Youm<\/a>. Qalaa, the company leading the project, successfully completed trial runs for the CCR and VDU units of ERC <a href=\"https:\/\/enterprise.press\/stories\/2019\/04\/10\/qalaa-holdings-completes-trial-runs-for-two-erc-units-3\/\">last month<\/a>, and has already supplied the EGPC \u2014 which will purchase ERC\u2019s total production of 4.7 mn tonnes of refined oil a year \u2014 with some 100k tonnes of low-sulfur petroleum products. Heikal <a href=\"https:\/\/enterprise.press\/stories\/2017\/11\/12\/qalaa-holdings-erc-plans-to-open-refinery-in-september-2018\/\">previously said<\/a> the refinery will satisfy about 14% of Egypt\u2019s annual need for liquid petroleum products. ERC will sell its full output to EGPC on a 25-year offtake agreement at international prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Qalaa\u2019s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June, running at 60% capacity and ramping up to full production by September, Qalaa Holdings Chairman Ahmed Heikal told Al Masry Al Youm. Qalaa, the company leading the project, successfully completed trial runs for the CCR and VDU units of ERC last [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[2391,93,72,131,91,613,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603363","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-refining-company","tag-energy","tag-enterpriseam","tag-manufacturing","tag-oil-and-gas","tag-qalaa-holdings","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"74b53cd2-43ff-45e9-8ff7-7e144ef26966","is_powered_by":true,"section_story_id":"0b1b2626-6588-48f7-8ac4-f679729e6696","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603350],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egyptian Refining Company USD 4 bn facility to come online in June - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Refining Company USD 4 bn facility to come online in June\" \/>\n<meta property=\"og:description\" content=\"Qalaa\u2019s USD 4.3 bn Egyptian Refining Company facility will begin commercial production in June, running at 60% capacity and ramping up to full production by September, Qalaa Holdings Chairman Ahmed Heikal told Al Masry Al Youm. Qalaa, the company leading the project, successfully completed trial runs for the CCR and VDU units of ERC last [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-21T04:00:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egyptian Refining Company USD 4 bn facility to come online in June\",\"datePublished\":\"2019-04-21T04:00:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/\"},\"wordCount\":128,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egyptian Refining Company\",\"energy\",\"EnterpriseAM\",\"Manufacturing\",\"oil and gas\",\"Qalaa Holdings\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/21\/egyptian-refining-company-usd-4-bn-facility-to-come-online-in-june\/\",\"name\":\"Egyptian Refining Company USD 4 bn facility to come online in June - 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Arabian Cement has agreed (pdf) to purchase 300k tonnes a year while Suez Cement\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/14.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":595499,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/29\/earnings-watch-qalaa-holdings-revenues-rise-8-y-o-y-in-2q2019\/","url_meta":{"origin":603363,"position":1},"title":"Earnings watch: Qalaa Holdings revenues rise 8% y-o-y in 2Q2019","author":"enterpriseam admin","date":"29 September 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings\u2019 revenues rose 8% y-o-y in 2Q2019 to EGP 3.5 bn \u201cdriven by solid top line performance at TAQA Arabia,\u201d the company\u2019s energy platform, Qalaa said in its earnings release (pdf). TAQA\u2019s revenues grew 33% y-o-y during the quarter. ERC set to come online in 4Q2019: The\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595038,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/15\/qalaa-declares-all-units-at-erc-are-a-go\/","url_meta":{"origin":603363,"position":2},"title":"Qalaa declares all units at ERC are a go","author":"enterpriseam admin","date":"15 September 2019","format":false,"excerpt":"Qalaa declares all units at ERC are a go: The Egyptian Refining Company (ERC) has successfully begun hydrocracker operations, Qalaa Holdings said in a bourse filing on Thursday (pdf). With that, all the plant\u2019s units are now operational, the firm said of its flagship project, which has drawn in USD\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":574951,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/28\/egyptian-refinery-companys-mostorod-petrochem-refinery-inaugurated\/","url_meta":{"origin":603363,"position":3},"title":"Egyptian Refinery Company\u2019s Mostorod petrochem refinery inaugurated","author":"enterpriseam admin","date":"28 September 2020","format":false,"excerpt":"Egyptian Refinery Company\u2019s Mostorod petrochem refinery is inaugurated: Qalaa Holdings subsidiary Egyptian Refining Company\u2019s (ERC) USD 4.3 bn facility in Mostorod was inaugurated yesterday by President Abdel Fattah El Sisi. As the largest private sector project of its kind in Africa, the refinery will produce each year some 2.3 mn\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/293.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594134,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/21\/qalaa-holdings-to-ipo-taqa-arabia-arab-refining-company-next-year\/","url_meta":{"origin":603363,"position":4},"title":"Qalaa Holdings to IPO TAQA Arabia, Arab Refining Company next year","author":"enterpriseam admin","date":"21 October 2019","format":false,"excerpt":"IPO WATCH- Qalaa Holdings to kick off four-year IPO program next year by listing shares of TAQA Arabia, ARC: Qalaa Holdings is planning to move ahead with the IPO of several of its subsidiaries next year, with IPO of TAQA Arabia scheduled to take place in 2Q 2020 and the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/8\/EGX-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":621767,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/qalaa-promotes-its-egyptian-refining-company-at-african-forum\/","url_meta":{"origin":603363,"position":5},"title":"Qalaa promotes its Egyptian Refining Company at African forum","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"Qalaa Holdings showcased its USD 4.3 bn petroleum refinery Egyptian Refining Company (ERC) as a case study for increasing the attractiveness of private investment through policy reform at the African Investment Forum in Johannesburg earlier this month, according to a press release (pdf). \u201cThis ability to access financing from development\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=603363"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/603363\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/603350"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=603363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=603363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=603363"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=603363"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=603363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}