Russia’s Rosneft signed a cooperation agreement with Fleet Energy and Fleetliner Energy for supplying gas to Egyptian industry, Egypt Oil & Gas reports.
The deal was signed by Rosneft representative Didier Casimiro and President of Fleet Energy Group Essam Kafafi.
The signing was attended by Rosneft CEO, Igor Sechin.
This comes as the Egyptian cabinet had approved in February amending some annexes in the 1980 natural gas law, Egypt Oil & Gas previously reported.
The amendments stated that the Egyptian General Petroleum Corporation (EGPC), along with any of the public sector companies specialized on gas activities, can deliver natural gas to the residential and commercial customers upon the approval of petroleum minister. The authorization can be extended to the company’s subsidiaries and partners, which is the case in Rosneft’s agreement.