Natural Gas Distribution Co. announces signing a Memorandum of Understanding with TAQA Arabia
9516
-8.00%
41.40-3.60
Element List
Explanation
Introduction
Based on the company's expansion plan and achieving its goal of improving and developing the company's profits and finding solutions to enhance its achievements, this memorandum was signed to open new horizons for cooperation and benefit from various practical experiences in the field of gas and energy.
Memorandum Signing Date
2022-09-06 Corresponding to 1444-02-10
Counterparty
TAQA Arabia
Memorandum Subject
Discussing ways of cooperation in entering into a partnership to develop and operate gas transportation services and gas networks.
Memorandum Duration
A year from the date of signing the memorandum, subject to extension
Related Parties
There are no related parties
Financial Impact
Cannot be determined at this time
Additional Information
TAQA Arabia is the largest natural gas distribution company in Egypt, as it has the largest team specialized in engineering and construction related to natural gas distribution business in order to supervise the distribution activities practiced by the group as well as other projects in several other countries.
Comments