Mashreq in Talks to Terminate Liquid Bulk Station ContractSource: Ahram Online 11/23/2015, Location: Egypt |
|
|
|
Mashreq Petroleum, a subsidiary of Qalaa Holdings, is in negotiations with the General Authority of the Suez Canal Economic Zone to terminate a contract to build, operate and transfer a liquid bulk station at East Port Said, Qalaa said in a bourse statement.
Mashreq Petroleum, established in 2004, has a lease for a 210,000-square-metre plot of land at East Port Said, near the Suez Canal. It aimed to develop a fuel bunkering facility in the area. Qalaa is one of Egypt's largest investment companies with around $9.5 billion in assets under management, including stakes in companies in Egypt, east and north Africa. For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects |
|
Oil Egypt E-Marketplace - Subscription Packages - Benefits |
||
|