Egyptian Minister of Petroleum Sameh Fahmi announced in Cairo the formation of a higher committee to supervise the implementation of a project for supplying Jordan, Syria and Lebanon with Egyptian gas, noting that the committee will group the concerned ministries of the four countries, Jordan Times reported Monday.
Fahmi was quoted by the daily as saying that the higher committee will later set up subcommittees representing firms that will implement the project which is expected to take 30 months to complete.
According to Fahmi, two companies will be formed, the first of which would be entrusted with the task of laying the pipelines from Arish in the Sinai to northern Lebanon and Syria and later to Jordan.
He said the company would invest $800 million in the project.
The other company, which is to invest $200 million, would be entrusted with transporting and marketing the gas within cities of the four concerned countries -- Albawaba.com
© 2000 Al Bawaba (www.albawaba.com)
