Generation
Posted By OrePulse
Published: 09 Jan, 2025 09:28
Egypt Gas’ board approves $9.4mln project contract in Jordan
Cairo: The board members of Egypt Gas gave the green light to sign a contract with the Technical Gas Service Company (TGS) in Jordan for a project at an estimated cost of $9.40 million.
The Egyptian company will be responsible for raising the efficiency of 10 measuring stations in Jordan, according to a bourse filing.
Moreover, the implementation works are scheduled for completion within 52 weeks, upon the board meeting’s decision on 29 December 2024.
It is worth noting that in the first nine months (9M) of 2024, Egypt Gas recorded net profits of EGP 180.63 million, compared to EGP 138.62 million in the same period a year earlier. In addition, the revenues increased to EGP 4.92 billion from EGP 3.61 billion.
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42
South Africa Sanctions New National Petroleum Comp...
18 Sep, 2024 12:37Trending News
Precious Metals
Galiano lowers full-year production guidance, warns of higher costs...
07 Nov, 2025 13:47
13 min read
Mining Other
Canyon continues with development of Minim Martap despite minor delays...
07 Nov, 2025 13:43
21 min read
Precious Metals
Botswana and Angola hold talks as both seek control of De Beers...
07 Nov, 2025 13:39
14 min read
Mining Other
Kon Kweni Iron-Ore Project Transforms West African Mining Landscape...
07 Nov, 2025 13:33
23 min read