GASCO scraps plans to invest in gas extension projects

30/08/2020 Argaam

 

National Gas and Industrialization Co.’s (GASCO) board of directors approved on Aug. 27 not to proceed with setting up a new firm in the field of gas extension projects.

 

There is no financial impact from the decision, GASCO said in a statement to Tadawul on Sunday.

 

In March 2018, the Saudi gas distributor signed a four-month non-binding memorandum of understanding (MoU) with Oman-listed National Gas Co. (NGCI), Argaam reported.

 

The two companies said they will conduct a feasibility study to establish a new firm operating in the field of gas extension projects.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read