Middle East Economic Survey
VOL. XLVII
No 35
30-August-2004
EGYPT
Tharwa Petroleum/Sinopec Form Drilling Company
The recently formed Egyptian state firm Tharwa Petroleum and China Petroleum & Chemical Corporation (Sinopec) on 24 August signed an agreement to form a drilling and well rehabilitation company to operate in Egypt and other Arab and African states. Egypts Oil Minister Sameh Fahmy said, after talks with his Chinese counterpart in Cairo, that the new company would respond to the...
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