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Article: EGYPT - The Private Franchises.
- Article from:
- APS Review Downstream Trends
- Article date:
- December 31, 2001
CopyrightCOPYRIGHT 2001 Input Solutions. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As Law No. 8 took effect in March 1997 which, among other things allowed private companies to market natural gas, the whole area of Egypt was divided into zones for marketing by such companies. Local and international companies specialised in the field of gas marketing were invited by EGPC to submit offers to acquire franchises for these zones. These franchise firms were required to develop markets with each venture to take one of the zones on offer. They were to utilise the most up-to-date technologies to build, operate and maintain gas transmission pipelines and marketing systems - a form of BOT - for a period of 20-25 years. Their total investments were to be repaid by ...