VOL. XXXIV

NO. 14

7-JANUARY-1991

Egypt

Oil Trade Surplus Rises to $1bn in Second Half 1990

The surplus on Egypt's oil trade during the six-month period July-December1990 has risen to about $1bn, according to Egyptian Oil Minister Abd El-HadyKandil. Speaking during a recent visit to oil installations in Egypt's WesternDesert, the Minister said that the budget estimate of the oil trade surplus forthe fiscal year July 1990-June 1991 was $680mn, or about $340mn for the sixmonths ending December 1990,...