Agreement inked between STEG and ITFC to fund natural gas import

The Tunisian Electricity and Gas Company (STEG) and the International Islamic Trade Finance Corporation (ITFC) inked a financial deal worth US $154 million.

Under the financing agreement, the Saudi-based ITFC and Tunisian firm will be funding natural gas imports.

STEG general manager Moncef Harrabi penned the pact in Tunis with CEO of ITFC Hani Salem Sonbol.

The CEO stated: “ITFC endeavours to further boost its relationship with Tunisia by means of providing trade integrated solutions to support its strategic sectors.”

In turn, CEO of ITFC Hani Salem Sonbol said that this signing is an opportunity to step up our cooperation and partnership with the Tunisian Government, which in turn contributes to the country’s Sustainable Development Plans.”


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