Egypt, Japan partner on blood bag production, technology transfer    Siemens Energy Egypt service centre launches 1.9-MW solar power plant in SCZone    Finance Ministry announces EGP 8bn disbursement for export subsidy initiative by 6 June    Egyptian, Dutch Foreign Ministers raise alarm over humanitarian crisis in Gaza    "Aten Collection": BTC Launches its Latest Gold Collection Inspired by Ancient Egypt    Sri Lanka inflation slightly up to 2.7% in April    European stocks slide amid Fed caution    Egypt's gold prices up on Tuesday    ArcelorMittal, MHI operate pilot carbon capture unit in Belgium    China pushes chip self-sufficiency, squeezing US suppliers    India stresses on non-compliant electronics import rules    Egypt's Health Minister monitors progress of national dialysis system automation project    Hamas accuses ICC Prosecutor of conflating victim, perpetrator roles    Giza Pyramids host Egypt's leg of global 'One Run' half-marathon    Egypt's Shoukry, Greek counterpart discuss regional security, cooperation in Athens    Madinaty to host "Fly Over Madinaty" skydiving event    Nouran Gohar, Diego Elias win at CIB World Squash Championship    Coppola's 'Megalopolis': A 40-Year Dream Unveiled at Cannes    World Bank assesses Cairo's major waste management project    Partnership between HDB, Baheya Foundation: Commitment to empowering women    K-Movement Culture Week: Decade of Korean cultural exchange in Egypt celebrated with dance, music, and art    Empower Her Art Forum 2024: Bridging creative minds at National Museum of Egyptian Civilization    Egyptian consortium nears completion of Tanzania's Julius Nyerere hydropower project    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Prime Minister Madbouly reviews cooperation with South Sudan    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    Amal Al Ghad Magazine congratulates President Sisi on new office term    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt''s energy investments safe, says Algeria
Published in Almasry Alyoum on 02 - 12 - 2009

The Algerian energy minister confirmed that energy projects implemented in collaboration between Algerian fuel company Sonatrach and its Egyptian counterparts operating in Algeria are still under way, despite the recent crisis sparked by the World Cup qualifying match.
Shukib Khalil, Algerian energy minister, delivered a statement through state television in which he said that the Egyptian companies are still committed to continuing the projects they were contracted to execute, and added that the companies' directors will be contacted in order to further bind them to their commitments.
Khalil said that discussions will be held with the officials of companies involved in partnerships with Sonatrach in order to find the best way to counter delay caused by the departure of Egyptian labor from Algeria. A number of Egyptians working in the Algerian branches of Orascom, Sewedy Cables, and Arab Contractors had left the country due to fears of falling victim to violence in the wake of the match in Khartoum.
Meanwhile, a senior official announced that the petroleum minister, Sameh Fahmy, will meet his Algerian counterpart next Friday to discuss future joint investments. The discussion will be held on the margin of the meeting of the Organization of Arab Petroleum Exporting Countries, scheduled to take place this Saturday in Cairo.
Petrojet is one of the leading Egyptian petroleum companies operating in Algeria. Two months ago it signed a US$1 billion contract with Italian ENI's Saipem company to install a gas pipeline in Algeria on behalf of Sonatrach.
Meanwhile, the plastic industry division at the Egyptian Federation of Industries decided to cancel a second exhibition of Egyptian plastic products scheduled for next January, as it objected to the behavior of Algerian fans post the football match in Sudan. A spokesman for the division in question said that the head of the division, Hamed Moussa, had traveled to Sudan to attend the match and was himself an eyewitness to incidents of violence. The source, who wished to remain anonymous, said that the division is thinking of transferring a permanent exhibition, originally planned for Algeria, to Cameroun or Senegal, and that a final decision on the issue will be reached within few days.
Translated from the Arabic Edition.


Clic here to read the story from its source.