Qalaa's ERC enters negotiations for its feedstock needs with Shell, Saudi Aramco, and Kuwait National Petroleum Company
Managing Director of Egyptian Refining Company (ERC), Mohamed Saad, has stated that the company is now conducting negotiations with Shell, Saudi Aramco, and the National Company of Kuwait to import 1.2mn tonnes of feedstock needed for its new refinery in Mostorod. He added that the contracts would be held six months before the operations. It is worth mentioning that Qalaa Holdings [CCAP.CA] owns a 19% stake in ERC. (Youm7)
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