VOL. XXXIII

NO. 26

2-APRIL-1990

Egypt

National Sector's Oil Investments Total $395Mn in 1989

Oil investments by Egypt's national oil sector (i.e., excluding the foreigncompanies) amounted to E276,420,000 ($394.9mn converted at the official rateof $1.00=E0.70 for government transactions), according to a recent issue ofal-Bitrul magazine published by the Egyptian General Petroleum Corporation (EGPC).These included E78,928,000 ($112.7mn) for exploration and production,E66,198,000 ($94.6mn) for...