{"id":621767,"date":"2018-11-18T04:16:57","date_gmt":"2018-11-18T04:16:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/qalaa-promotes-its-egyptian-refining-company-at-african-forum\/"},"modified":"2018-11-18T04:16:57","modified_gmt":"2018-11-18T04:16:57","slug":"qalaa-promotes-its-egyptian-refining-company-at-african-forum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/qalaa-promotes-its-egyptian-refining-company-at-african-forum\/","title":{"rendered":"Qalaa promotes its Egyptian Refining Company at African forum"},"content":{"rendered":"<p>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, <a href=\"https:\/\/ent.news\/2018\/11\/1895.pdf\">according to a press release (pdf)<\/a>. \u201cThis ability to access financing from development finance institutions (DFIs), export credit agencies (ECAs) from Europe, Asia and North America as well as sovereign wealth funds from the Gulf is what made ERC possible,\u201d Founder and Chairman Ahmed Heikal said. Initiated 12 years ago, ERC is currently in its final stages and is due to produce up to 4.7 mn tonnes of refined oil when it is fully operational in May 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 finance institutions (DFIs), export credit [&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":[9315],"tags":[1805,2391,93,72,125,2390,613],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621767","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-ahmed-heikal","tag-egyptian-refining-company","tag-energy","tag-enterpriseam","tag-investment-watch","tag-other-business-news-of-note","tag-qalaa-holdings","wpautop","entry"],"acf":{"mongo_id":"87ad0b9b-db84-45ac-bd46-1bd9bf53bb22","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Qalaa promotes its Egyptian Refining Company at African forum","related_issue":[621730],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.58e2f826-dd25-4681-9ac7-7e1a63e169cc.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The funding will be used to restructure its debts, Chairman Ahmed Heikal\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":621767,"position":1},"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":595038,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/15\/qalaa-declares-all-units-at-erc-are-a-go\/","url_meta":{"origin":621767,"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":554247,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/27\/qalaa-looking-at-africa-says-erc-still-in-talks-on-debt-restructuring\/","url_meta":{"origin":621767,"position":3},"title":"Qalaa looking at Africa, says ERC still in talks on debt restructuring","author":"enterpriseam admin","date":"27 December 2021","format":false,"excerpt":"Qalaa Holdings is looking to expand its investments in African mining and energy firms, including in Tanzania, Mozambique and Ghana, Qalaa Chairman and Founder Ahmed Heikal told CNBC on Thursday. Qalaa will look to gradually increase its investments in Africa, which currently stand at USD 500 mn, Heikal said. He\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595624,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/01\/egyptian-refining-company-suez-cement-arabian-cement-sign-petroleum-coke-supply-agreements\/","url_meta":{"origin":621767,"position":4},"title":"Egyptian Refining Company, Suez Cement, Arabian Cement sign petroleum coke supply agreements","author":"enterpriseam admin","date":"1 August 2019","format":false,"excerpt":"Qalaa\u2019s ERC signs pet coke supply agreements with Suez Cement, Arabian Cement: Qalaa Holdings\u2019 Egyptian Refining Company (ERC) has inked agreements with Suez Cement and Arabian Cement to supply 500k tonnes of petroleum coke each year. 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ERC reportedly has c. 2.1 bn in\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/469.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621767","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=621767"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621767\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621730"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621767"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621767"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}