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24-11-19
USD430m gas pact inked between Egypt, Texas' Noble Energy
(MENAFN) Egypt has announced on Saturday, the signing of a USD430 million deal with Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline along with several multimillion-dollar energy investment accords.
Under another agreement with Noble, which will also be financed by the US International Development Finance Corporation, the energy company will manufacture petroleum products in partnership with Egyptian company Dolphinus Holdings.
The cabinet detailed the plans at the end of an Africa investment forum held on the site of the country's planned new administrative capital in the desert east of Cairo.
MENAFN2411201900450000ID1099318227
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