The Egyptian Natural Gas Holding Company (EGAS) has received EGP200mn in dues from gas-intensive factories that are owned by Abou-Qir Fertilizer Company, Helwan Fertilizer Company, and a Steel company. EGAS is planning to negotiate the remaining dues, and is expecting to collect EGP500mn by August, Chairman said. Meanwhile, EGAS has reportedly notified owners of gas-intensive factories to quickly pay their dues (worth EGP4bn since 2011), and has cut its gas supply to all cement factories by 30% of the 600mn cfpd contracted amount. (Al Borsa)
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