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Citadel Capital (CCAP.CA), Egypt’s biggest publicly traded private-equity firm, rebutted the news that Founder and Chairman Ahmed Heikal pressured Egypt’s Natural Gases Holding Company (EGAS) to import natural gas from Qatar at exaggerated rates.
In a statement made on Tuesday, the firm stressed that it reserves the right to reply to claims related to a tender to import LNG.
Al Ahram gazette had quoted an official source at EGAS as saying that the Qatari government and businessman Ahmed Heikal established a firm to import liquefied natural gas (LNG) from Qatar and pressured EGAS to import natural gas from Qatar at high prices.
