No 6



Oil Holding Company Formed For Upper Egypt

The Egyptian government announced on 30 January the formation of the Southern Valley Oil Holding Company the first oil firm of its kind in Upper (southern) Egypt to be based in Aswan. The new company is studying the possibility of setting up a refinery to meet demand for petroleum products in Toshki and other southern parts of the Nile Valley, and a natural gas network to supply the needs of industry there, with the...