EGYPT

Egypt Allocates $373.6mn for Oil Development in FY 1986-87 

The allocations for oil development projects in Egypt in fiscal year July 1986-June 1987 amount to £E261.5mn ($373.6mn at the official rate of £E1.00=$0.70), according to a recent issue of the al-Bitrul, the monthly magazine published by the Egyptian General Petroleum Corporation (EGPC). These allocations include £E250.6mn ($358mn) for the EGPC, £E6.5mn ($9.3mn) for the Nuclear Resources...