Egypt signs $430m gas deal with Texas’ Noble Energy

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The agreement requires the partner to pump natural gas through the East Mediterranean Gas Company's pipeline.

24.11.19 | Source: Business Recorder

Egypt said on Saturday it had signed several multimillion-dollar energy investment accords including a $430-million deal for Texas-based Noble Energy to pump natural gas through the East Mediterranean Gas Company's pipeline.

Under another agreement with Noble, which will also be financed by the US International Development Finance Corporation, the energy company will manufacture petroleum products in partnership with Egyptian company Dolphinus Holdings.

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