Petroleum Africa
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Friday, December 11, 2020
The Sovereign Fund of Egypt (SFE) has said Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), will be opened up to private sector investors and at a later time will be offered in the Egyptian bourse where all Egyptians can invest, according to the country’s Minister of Planning and Economic Development and SFE Chairperson, Hala El-Said.
Ayman Soliman, CEO of SFE, stated that the main purpose of the SFE is to create investment opportunities in Egypt’s untapped assets. It should be noted that SFE and NSPO signed a cooperation agreement in February to offer some of NSPO’s subsidiaries to private investors.
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