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Cairo – Mubasher: Egypt Gas announced that it has signed a contract worth $3.9 million (EGP 64 million) with Jordanian Egyptian Fajr for Natural Gas Transmission and Supply.
Under the twelve-year contract, a natural gas pipeline will be extended to Jordan Phosphate Mines Company (JPMC), according to a statement to the Egyptian Exchange (EGX) on Wednesday.
Previously, the board of directors of Egypt Gas approved signing a contract with Jordanian Egyptian Fajr for Natural Gas Transmission and Supply.
During the first half of 2019, Egypt Gas turned profitable with EGP 14.43 million, versus a loss of EGP 7.55 million in H1-18.
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