The International Islamic Trade Finance Corporation (ITFC) has signed $154 million financing agreement with the Tunisian Company of Electricity and Gas (STEG) to finance the imports of natural gas.

Zied Ladhari, Minister of Development, Investment and International Cooperation,. Hani Salem Sonbol, CEO ITFC inked the agreement in the presence of Dr Slim Feriani, Minister of Industry and SMEs, and Moncef Harrabi, general manager of STEG in Tunis.

Ladhari stressed on the importance of financing to help secure the natural gas needs of STEG to produce electricity as well as the domestic consumption in response to the necessary energy needs for the benefit of the citizens.

He also expressed his satisfaction with the existing cooperation with ITFC which is considered as one of Tunisia's leading partners in financing many national institutions for the imports of strategic materials as crude oil, petroleum products, steel and others.

Selected by SPTEC Advisory from Trade Arabia