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  • 07-02-19

    Tunisia's STEG, ITFC ink pact to fund natural gas import

    (MENAFN) Tunisia's Company of Electricity and Gas (STEG) and the International Islamic Trade Finance Corporation (ITFC) inked a financing deal valued at USD154 million.

    Under the financing agreement, the Saudi-based ITFC and Tunisian firm will be funding natural gas imports.

    STEG general manager Moncef Harrabi penned the pact in Tunis with CEO of ITFC Hani Salem Sonbol.

    The CEO stated: "ITFC strives to develop it relationship further with Tunisia through providing trade integrated solutions to support its strategic sectors."

    Sonbol added: "this signing is a stepping stone towards signifying our cooperation and partnership with the Tunisian Government, which in turn contributes to the country's Sustainable Development Plans."

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