RIYADH: Saudi Arabia’s Natural Gas Distribution Co. has signed a memorandum of understanding with Egypt’s TAQA Arabia to explore ways to develop and operate gas transportation services.
The MoU supports Natural Gas’ plan to expand and boost its profits, according to a bourse filing.
The natural gas producer signed the one-year agreement with the aim of collaborating more effectively and gaining practical experience in the energy and gas sectors, it said.
TAQA Arabia is one of the largest natural gas distribution companies in Egypt.
