GASCO's MoU with Oman's NGCI expires

02/12/2018 Argaam

 

National Gas and Industrialization Co. (GASCO) said the Memorandum of Understanding (MoU) inked with Oman-listed National Gas Co. (NGCI) expired on Nov. 30, 2018, the company said in a bourse filing on Sunday.

 

“The feasibility study, which was received by GASCO, is being assessed”, the statement

added.

 

The company will duly reveal any related updates. In March, GASCO signed a non-binding MoU with NGCI, under which, the two companies will carry out a feasibility study to set up a new firm in the field of gas extension projects.

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