Middle East Economic Survey


No 16



Egypt To Review Gas Contracts

Egypts Prime Minister 'Isam Sharaf has ordered a review of gas contracts with all countries, including Israel, the prime ministers spokesman Ahmad al-Samman announced on 13 April. Mr Samman told the Middle East News Agency (MENA) that amendments to the gas price in these contracts would add $3-4bn to state revenue. The gas deal with Israel has been the subject of litigation in Egypt for a while and...