VOL. XXXIII
NO. 7
20-NOVEMBER-1989
OAPEC
Algeria and AMPTC Reach Amicable Settlement
An amicable settlement has been reached between Algeria and the OAPEC-sponsoredArab Maritime Petroleum Transport Company (AMPTC) over the non-payment by theformer of its original capital subscription of $40mn, as well as support fundsand deferred interest ($23mn). The agreement, reached on 28 October, calls uponAlgeria to pay as of 1 July 1990 the $40mn for its remaining capital share overa 15-year period, while...
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