VOL. XXXV

NO. 23

9-MARCH-1992

Egypt

Oil Minister Banbi Explains Egypt's Oil Policy

In an address to the Foreign Press Association in Cairo on 2 March, EgyptianOil Minister Hamdi al-Banbi said that the main objective of the Egyptian oilindustry is to provide the foreign exchange needed for the country's generaldevelopment, and at the same time to satisfy local demand for oil and gas whichhe estimated at about 26mn metric tons a year and rising annually. For thisreason it is of vital importance to...