The Governor of Port-Said Mustapha Kamel revealed a plan to set up a natural gas pipe manufacturing factory in Port Said, Al-Ahram reported. The investment cost of the project is estimated at more than one billion dollars.
The governor also revealed that $1.2 billion Italian-Egyptian joint natural gas liquefying project will be established in Port Said in the near future. Approximately 70 percent of the available natural gas reserves in Egypt are situated in Port Said. — (menareport.com)
© 2001 Mena Report (www.menareport.com)
