VOL. XXXV

NO. 38

22-JUNE-1992

Egypt

Foreign Oil Companies Spend $15.5bn in Egypt in Eighteen Years

Foreign oil companies have spent a total of $15.5bn on exploration andproduction operations in Egypt during the 18-year period 1973/74-1990/91,according to Dr. Muhammad Shawkat, Information Adviser to the Egyptian OilMinister and Editor in chief of al-Bitrul, the monthly magazine published bythe Egyptian General Petroleum Corporation (EGPC). This figure was given by Dr.Shawkat in a paper submitted to...