Egypt Gas, Georg Fisher, Corys to Produce PE Pipes

Egypt Gas, Georg Fisher, Corys to Produce PE Pipes

Egypt Gas’s Board of Directors accepted an agreement with the Swiss Georg Fisher Ltd and the UAE’s Corys Building Materials to establish a joint venture (JV) specialized in producing polyethylene (PE) pipes, according to Alborsa news.

According to Egypt Gas, the new JV will have a capital of around EGP 340 million, divided into 340,000 shares, with a nominal share value of EGP 1,000.

It is worth mentioning that Jordan’s National Electric Power Company (NEPCO) and the Jordanian-Egyptian FAJR for Natural Gas Transmission and Supply Company have signed two gas supply deals. Under the first agreement, 4 million standard cubic feet per day (mmscf/d) of natural gas will be provided to the Jordan Phosphate Mines Company (JPMC).  The second agreement was signed with Nuqul Group.

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