Last Update 12:7
Saturday, 18 November 2017

Repeated attacks on Sinai gas pipeline cost Egypt $166 mn: GASCO

Anonymous official at Egyptian Natural Gas Company (GASCO) says 13 attacks on North Sinai gas pipeline since Mubarak's ouster have cost country some $166 million

Ahram Online, Wednesday 7 Mar 2012
gas pipeline
Flames rise from a gas pipeline explosion in El-Arish, Egypt (Photo: AP)
Share/Bookmark
Views: 779
Share/Bookmark
Views: 779

Repeated attacks on the North Sinai pipeline carrying natural gas to Jordan and Israel have cost the Egyptian economy more than LE1 billion (roughly $166 million) in total, an official of the Egyptian Natural Gas Company (GASCO) told Al-Ahram’s Arabic-language news portal on Wednesday.

The official, who insisted on anonymity, added that GASCO, which operates the pipeline, had already paid some LE100 million for repairs to the pipeline following earlier attacks. He also said that costs associated with securing the pipeline had risen by some LE10 million as a result of repeated bombings.

The pipeline was bombed on Monday for the 13th time since the ouster of former Egyptian president Hosni Mubarak in February of last year.

The last time the gas pipeline was attacked was on 5 February.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.