The Egyptian Refinery Company Size

ERC is supported by USD 1.1 billion in equity provided by a broad spectrum of investors including

• The Egyptian General Petroleum Corporation (EGPC, which has invested USD 270 million for a 23.8% interest),
• Qatar Petroleum International (QPI, which has committed over USD 362 million for an effective 27.9% interest)
• Qalaa Holdings (which has directly and indirectly invested over USD 250 million and holds an effective equity stake of 18.8%).

Other participants in the funding include investors from Egypt and the Gulf Cooperation Council countries as well as development finance institutions, including

• The International Finance Corporation (USD 85 million, 6.4% ownership),
• The Dutch development bank FMO (USD 29 million, 2.2% ownership),
• Germany’s DEG (USD 26 million, 2.0% ownership).
• The InfraMed Fund, the largest investment vehicle dedicated to infrastructure in the Mediterranean area, is also an investor with an effective ownership of 7.5% on an investment of USD 100 million.

In 2018, ERC’s equity component totaled USD 1.386 billion.