VOL. XXXIII

NO. 15

15-JANUARY-1990

OAPEC

AMPTC Redistributes Shares among Member Countries

Following the amicable settlement that was reached on 28 October 1989 betweenAlgeria and the OAPEC-sponsored Arab Maritime Petroleum Transport Company (AMPTC)regarding the non-payment by the former of its original capital subscriptionof $40.6mn as well as support funds and deferred interest of $42.7mn (MEES, 20November 1989), MEES has been informed that the agreement calls upon Algeria topay as of 1 July...