Jordan-Egypt joint venture to distribute Egyptian gas

Jan 10, 2004 01:00 AM

The National Electric Power Company has agreed to set up a joint company with Egypt to convey and distribute Egyptian gas. The Egyptian side was officially informed of the decision through a message Prime Minister Faisal Fayez sent to his Egyptian counterpart, Atef Obeid. It was delivered by Jordan's Ambassador to Cairo and Permanent Representative at the Arab League Hani Mulki.
Mulki told after his meeting with Obeid that the joint venture will carry the name "Al Fajr." He noted that it will be the first specialised Arab company in the field, adding it will rely mainly on Egyptian expertise.

A strategic 270 km gas pipeline between Jordan and Egypt was inaugurated by His Majesty King Abdullah and Egyptian President Hosni Mubarak in July last year. The line is the first phase of an inter-regional project that costs more than $ 1 bn. It is projected to stretch to Syria and Lebanon in 2005, and then to Cyprus and Turkey by 2006.
A marine link between Egypt's Taba Red Sea resort and Aqaba marked the first phase of the project, through which 1 bn cm of Egyptian natural gas will be supplied each year.

Mulki said in Cairo that Fayez's message also covered the planned meeting of the joint follow-up committee in Amman mid-February.
The meeting, which will be chaired by Deputy Prime Minister and Minister of Industry and Trade Mohammad Halaiqa and Egypt's State Minister for Foreign Affairs Fayez Abul Naja, is due to discuss progress made in bilateral relations and report to the joint higher committee.

Source: Jordan Times
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