As a part of Egypt’s strategy to encourage investments through settling disputes, the Ministry of Petroleum and Mineral Resources has worked on getting the points of view of the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and holding companies closer to the points of view of Taqa Gas Group, Egypt Oil & Gas reports.

The ministry is trying to settle the dispute between those parties regarding the interpretation of certain articles of the contracts between them, which have been the subject of the request submitted by Taqa Group in front of the Cabinet’s Ministerial Committee for the Settlement of Disputes of Investment Contracts.

The dispute resulted into the conclusion of an amicable settlement agreement that achieves the interests of the parties and ends the dispute in a cordial manner, away from courts and international arbitration, as part of promoting, attracting, and protecting serious investments.