Egypt Gas Company has incurred total losses of EGP 50.4m for the first 9 months of 2016. This comes to over 14% increase when compared to EGP 43.9 losses for the same period during 2015.
Egypt Gas Lost EGP 50m
Egypt Gas Co. announced on Tuesday, conducting negotiations with the Iraqi Oil Ministry to agree on a number of projects, including the delivery of gas to homes.
The main gas pipeline sending supplies from Egypt to Jordan and Israel has been attacked, causing two large explosions, Egyptian officials say.