Egypt to receive USD10m investment from CPTDC

25 Nov 2015

(MENAFN) China Petroleum and Technology Development Corporation (CPTDC) plans to invest nearly USD10 million in Egypt, based on recent reports.

Accordingly, the firm has been trying to find a local partner from the public sector in Egypt plus it has been holding talks with local petroleum companies.

The USD10 million are part of first stage investments to be injected in the country, after which the company will pump more investments in Egypt.

Furthermore, CPTDC has been deeply active in the Egyptian market for the past decade and is one of the largest suppliers of oil equipment in the world.

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