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EK Holding Takes 27% Stake In Shells Gas Express

The Egyptian-Kuwaiti Holding Company (EK Holding) has acquired a 27% in Gas Express, a company owned by Shell for retailing compressed natural gas (CNG) in Egypt. Shell had earlier said that it was planning to invest $28mn to set up at least 35 natural gas stations and 11 centers to convert vehicles to run off CNG by 2006 (MEES, 14 July). The participation of the EK Holding, which has widespread interests in...