Jordanian Operations to Comprise 5% of Egypt Gas Company’s Revenue

Jordanian Operations to Comprise 5% of Egypt Gas Company’s Revenue

Egypt Gas Company expects proceeds from its expansion project in Jordan to reach 5% of its revenues by the end of 2018, Amwal Al Ghad reports.

The company’s projection is based upon a feasibility study performed by Osool Asset Management.

The Egyptian Financial Supervisory Authority authorized the feasibility study.

Egypt Gas Company signed a contract with the Jordanian-Egyptian Fajr for Natural Gas Transmission and Supply Company to establish a natural gas pipeline to supply natural gas for the Jordanian United Iron and Steel Manufacturing Company (Manaseer Iron & Steel), Al Borsa reports.  The pipeline project will cost $600,000, according to Al Mal News.

Sarah Samir 2531 Posts

Sarah has been writing in the oil and gas field for more than a year. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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