GASCO Signs MOU with MAKEEN Energy to Establish Company to Manage Gas Facilities

The National Gas and Industrialization Company (GASCO), based on its experience in the gas supply chain and with the aim of raising operational efficiency and enhancing the company’s investments in gas supply chains, announced on Monday the signing of a memorandum of understanding (MOU) with MAKEEN Energy to discuss the feasibility of establishing a company to establish, manage, operate and maintain gas facilities, stations and networks, in addition to recycling plastic waste into oil products.

It added that the Memorandum Duration is one calendar year from signing the MOU and can be extended. There are no related parties and the financial impact cannot be currently specified

MAKEEN Energy is a global energy company that is leading in establishing, managing, operating and maintaining gas (bottled or bulk), stations and networks, as well as plastic waste conversion to oil products, MAKEEN Energy is present in more than 140 countries and operates across five continents.