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Tuesday, 19 July 2016

Cement company to pay EGAS in cement packages, Chairman says

Wait, didn’t the barter economy die out in the Middle Ages — or at least with the passing of the hippies? EGAS agreed to receive payment from the National Cement Company (NCC) in the
form of cement packages, NCC’s Chairman told Al Mal. The amount NCC will send will correspond to 30% of the arrears owed to EGAS and will be directed to oil services subsidiary Petrojet. NCC’s Chairman said this is the optimal solution given the company’s liquidity shortage.

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