OIL A KEY FACTOR IN THE EGYPTIAN ECONOMY

(In the following article MEES Executive Editor Walid Khadduri, who had lengthy discussions with leading Egyptian oil officials, including Oil Minister 'Abd al- Hadi Kandil, during a recent visit to Cairo, reports on the current oil scene in Egypt.)

Despite formidable stresses brought about by an ailing economy at home and falling oil prices on the international market, Egypt's oil authorities are doing their best to resist pressure to...