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...