Company’s management studies increasing stake in AlexFert beyond current 45.3%
Latest in Tag: CNG Highlight
Latest in Tag: CNG
This has been driven by the agreement reached with Tarek Amer, Governor of the Central Bank of Egypt (CBE), to amend the conditions of participation in the initiative.
Nevine Gamea, Minister of Trade and Industry and Executive Director of MSMEDA, said that several state agencies are cooperation to help car owners to convert for natural gas. MSMEDA, through Car-gas and Gasatec, will provide soft loans with appropriate repayment periods to support CNG conversion.
Negotiations take place with vehicle manufacturing companies to enforce vehicle warranties following conversion to gas
Egypt’s long-term auto strategy focuses on local manufacture of electric vehicles, says Karim Naggar
Government needs to increase natural gas stations, to keep pace with nationwide CNG conversion, says Amr Suleiman
The meeting was attended by ministers of electricity and renewable energy, petroleum and mineral wealth, finance, public enterprises sector, trade and industry, and military production, as well as the Chairperson of the Arab Organization for Industrialization.