VOL. XXXIII

NO. 6

13-NOVEMBER-1989

Egypt

Egypt and Agip Sign $950mn Oil and Gas Development Program

During a four-day visit to Italy late last month, Egyptian Oil Minister AbdEl-Hady Kandil signed an agreement with Agip providing for the expenditure of$950mn on a number of oil and gas development projects in Egypt over the nextthree years. According to the agreement - details of which were given by Eng.Kandil in a press conference in Milan - Agip will put up $500mn and the EgyptianGeneral...