VOL. XXXIV

NO. 8

26-NOVEMBER-1990

Egypt

Kandil Puts Egypt's Current Oil Reserves at Over 5.5Bn Barrels

In an exclusive interview with the Cairo daily al-Ahram of 22 November,Egyptian Oil Minister Abd El-Hady Kandil has put Egypt's current oil reserves atover 5.5bn barrels. This is considerably higher than the 4.5bn figure quoted bymost sources until recently (MEES, 25 June). In the same interview the Ministersaid that Egypt's production of crude oil and gas in the fiscal year July1989-June 1990...