Middle East Economic Survey
VOL. XLVII
No 25
21-June-2004
EGYPT
ENERGY FINANCE
IFC Invests $45Mn In Merlon Petroleum Companies Of Egypt
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, announced on 14 June it will be investing $45mn in Egypt's growing natural gas sector by supporting the exploration and production operations of Merlon Petroleum Companies of Egypt, which are subsidiaries of Merlon Petroleum Company, a Houston-based oil and gas firm. IFC's...
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