Middle East Economic Survey


No 50



Algeria And Egypt Plan To Set Up Joint Venture Oil Exploration Company

Algerian Minister of Energy and Mines Chakib Khelil and Egyptian Minister of Petroleum Sameh Fahmy discussed in Cairo on 6 December the possibility of setting up a joint venture company for oil exploration in Algeria, Egypt and other countries. The planned venture will be owned by Algerias Sonatrach and, on the Egyptian side, by the Egyptian General Petroleum...