The Ministry of Petroleum is considering listing of around 10 affiliates in Egyptian Stock Exchange, Sherif Ismail Petroleum minister told Reuters.
Ismail noted that the ministry may float one or more affiliate in 2015.
Earlier, Ismail held negotiations with the EGX chairman on how oil companies can make use of EGX’s financial structure. They also discussed ways to provide funds for these companies, without further burdening the state treasury.
Source:
Mubasher