VOL. XXXIV

NO. 24

18-MARCH-1991

Egypt

Kandil Puts Egypt's Current Oil Reserves at 6.2bn Barrels

Egyptian Oil Minister Abd El-Hady Kandil has said that Egypt's oil reserveshave increased from 5.62bn barrels last year (MEES, 26 November 1990) to 6.195bnbarrels at present, according to the London-based Arabic daily al- Hayat of 13March. He also said that current plans call for raising the reserves by another1.5bn barrels to a total of 7.695bn barrels over the coming three years. He didnot say how...