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Egypt gas invests in Nigeria
Egypt-Nigeria, Economics, 12/1/2003
Egypt Gas, on Sunday signed a memorandum of understanding with a Nigerian company, whereby Egypt will pump gas to the Nigerian city of Lagos at an estimated cost of 200 million dollars, the Egyptian government said.
The agreement is financed by the African Export and Import Bank, European companies and Nigerian banks.
The Nigerian company will execute the digging operations and grant licenses from the Nigerian government to facilitate the Egyptian company work in Lagos.
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