EgyptAnd Libya Consider Joint Oil And Gas Projects
TheEgyptian Oil Minister, Sameh Fahmy, announced on 4 August that Egypts GeneralAuthority for Investment had approved the establishment of the Arab Company forOil and Gas pipelines (Al-Tayoub), a $100mn joint venture between LibyasNational Oil Corporation (NOC 50%) and the Egyptian General PetroleumCorporation (EGPC) and its affiliates Gasco and Petrojet (50%).
Al-Tayoubsestablishment is long overdue....
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