Executives from the Emirates Petroleum General Corporation (Emirates) and the Egyptian Petroleum Tanks and Pipelines recently conducted talks regarding the establishment of a joint company with a 100 million Egyptian Pound capital, reported Al-Bayan . Last month, both companies signed a memorandum of understanding to set up the new joint project. Emirate and Egyptian Ministers of Petroleum participated in the ceremony. The new company is commissioned with building 69 fuel stations in Egypt in the next five years. — (menareport.com
© 2002 Mena Report (www.menareport.com)
