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...