Egypt Gas, CPC Sign an EGP 11.2 MM Deal
Egypt Gas has signed an EGP 11.2 million contract with Construction Products Holding Company (CPC) to deliver natural gas to the new CPC industrial complex project in Sadat City.
Egypt Gas has signed an EGP 11.2 million contract with Construction Products Holding Company (CPC) to deliver natural gas to the new CPC industrial complex project in Sadat City.
Egypt Gas and Town Gas signed an EGP 232.8 million deal to deliver natural gas across several governorates.
Natural gas was delivered to 458,000 housing units, concluding 40% of the total number of customers during the year all over Egypt, according to Wael Gowayed, Chairman of Egypt Gas Company.
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 company specialized in producing polyethylene (PE) pipes.
The Minister of Petroleum, Tarek El-Molla has honored the Egyptian General Secondary Education top graduate in the mathematics major, Mahmoud Mohamed Bayoumy El-Shablangy.
Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.
Egypt has been working on linking households to natural gas grid in 2018 at an unprecedented rate, boosting the total households linked to the grid to 9.3 million residential units.
Egypt Gas's general assembly has authorized the company to pay out dividends of EGP 1 per share.
Egypt Gas has signed a contract with Engineering for the Petroleum & Process Industries worth $13 million to build a 27km gas pipeline in northern Jordan.
Egypt Gas Company announced increasing profit by 6% Year-on-Year (Y.o.Y) to reach EGP 25.6 million in 2017, compared to EGP 24.14 million in 2016.