Egypt’s Qalaa Holdings to operate 100% of refinery units in January – official

Qalaa Holdings, one of the country’s largest investment firms, will operate 100 percent of its refinery units in January and will increase its refinery production capacity to 5.5 million tonnes per year, the company’s chairman told Reuters.

Ahmed Heikal also said the company will offer shares of Taqa Arabia and Egyptian Refining Co in the second and fourth quarters of 2020 on the stock market, without giving details of the quantity of shares to be sold.