Middle East Economic Survey

VOL. L

No 15

9-Apr-2007

EGYPT

Egypt Freezes MIDOR Privatization

Egypt has decided to freeze its planned privatization of the Middle East Oil Refinery (MIDOR) over concerns about the success of an initial public offering (IPO). Egypts Ministry of Petroleum announced in March 2006 that it planned to hold an IPO July that year (MEES, 27 March 2000), but questions have arisen over how well the offering would do on the Cairo stock exchange and a private sale to one buyer is...