Saturday 23 June 2018
Egyptian Refining Company

EFG pumps $100m into Egypt refining firm

Egypt-based EFG Hermes has partnered with InfraMed, a leading infrastructure fund in the Mena region, to invest $100 million in Egyptian Refining Company (ERC). A landmark $3.7 billion refining project developed by Cair


Egypt oil refiner secures $225m AfDB loan

The African Development Bank (AfDB) has lent $225 million to the Egyptian Refining Company (ERC), owned 85 per cent by private investment firm Citadel Capital, the bank said. Two loans approved by the AfDB will enable the ERC to buil

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