Middle East Economic Survey

VOL. XLIX

No 9

27-February-2006

turkey/EGYPT/REGIONAL

Turkey And Egypt Sign Preliminary Gas Transport/Marketing Agreement

Turkey and Egypt in Istanbul on 16 February signed a memorandum of understanding (MOU) to set up a new 50:50 joint venture named Tergas which would construct natural gas pipelines and market Egyptian gas in Turkey and Europe. Turkeys Minister of Energy and Natural Resources Hilmi Guler and Egypts Minister of Petroleum Sameh Fahmy signed the agreement...