Egypt to Pay Israel Electric Corp $1.76 Billion for Breach of Gas Contract | Algemeiner.com

Egypt will pay the Israel Electric Corporation (IEC) $1.76 billion for losses accrued as a result of the political upheavals in that country since the ouster of president Hosni Mubarak in 2o11, the Israeli news site nrg reported on Sunday. According to the report, the Israeli company originally sued Eastern Mediterranean Gas Company (EMG) and Egypt’s national gas companies Egyptian General Petroleum Corporation and Egyptian Natural Gas Holding Company (EGAS) for more than $4 billion, but fol…
Leave a Reply
You must belogged in to post a comment.