The Egyptian Refining Company (ERC) is deploying an AI-powered agent to predict equipment failures before they happen, Chairman of Qalaa Holdings Ahmed Heikal said at the EnterpriseAM Egypt Forum.

Egypt's crude oil production has recorded its highest level in nearly two years, Minister of Petroleum and Mineral Resources Karim Badawi announced

Egyptian Refining Company (ERC), in which Qalaa Holdings (CCAP) owns 13% stake, has fully repaid its main debt.

Minister of Petroleum and Mineral Resources Karim Badawi approved the investment budgets of Alexandria Petroleum Company and Amreya Petroleum Refining Company for the fiscal year (FY) 2026/2027.

Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, paid $417 million of its debt, lowering the senior debt balance to $63 million from $2.35 billion

The Egyptian Ministry of Petroleum and Mineral Resources is aiming to finalize the construction of the coal and diesel production complex at the Suez Refinery by mid-2025.

The Egyptian Refining Company (ERC), a subsidiary of Qalaa Holdings, is considering investing $150 million to scale production up by around 10% over the coming three years.

Qalaa Holdings is considering expanding the capacity of Egyptian Refining Company to 800,000 tons.