Romanian energy company CIS Gaz said on Thursday it will be supplying Egyptian natural gas transmission company EGAS with locally manufactured equipment to finish the Hayah Karima project, a flagship endeavour of the Egyptian government that will connect some 1,400 villages to the natural gas network.
During October 9-11, CIS Gaz took part in Egypt in extensive discussions with two of the largest Egyptian companies in the energy field, Town Gas and EGAS, which develop complex projects in the public and private energy sector, it said in a press release.
The Romanian company has also signed a memorandum of understanding (MoU) with Egyptian peer Town Gas for exploring collaborative business ventures.
The MoU also strengthens CIS Gaz’s presence in Egypt, the company said.
“The center pillar of our long-term strategy is the expansion of our presence in foreign markets, where our expertise can make a difference. Egypt has become a regional gas hub and there is a growing need to develop new energy infrastructure projects,” said Sebastian Calugar, CIS Gaz CEO.
Established in 1990 in Romania, CIS Gaz is one of the largest local companies operating in the oil and natural gas industry.
Source: See News
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