SFD-Egypt Finances 4.000 Motors to Work with Natural Gas

Egyptian Petroleum Ministry and Social Fund for Development (SFD) signed contract for financing the cars to work with double fuel gas / petrol worth EGP20 million provided by the fund instead of diesel and gasoline.

Hanaa Al Hilali, Secretary General of SFD and Eng. Khaled Abdul-Badie – the vice chairman of the state-run Egyptian Natural Gas Holding Company (EGAS) attended the signing.

Cargas and Gastec will play the role of implementation, the interest value will be installed with good price so as to encourage them for converting their cars to work with gas as this has a payoff environmental and economic effective.