VOL. XLVI

No 7

17-February-2003

EGYPT/LIBYA

Oilinvest Seeks To Finalize Purchase Of Midor Stake

Officials from Netherlands-based and Libyan-owned Oilinvest are to visit Cairo in March with the aim of finalizing the terms for the acquisition of a 39% stake in the 100,000 b/d Midor oil refinery from the National Bank of Egypt (NBE), according to a report in Al-Ahram of 12 February. The former Egypt-Israel joint venture, which is held by EGPC (40%), Enpii and Petrojet (20%) and Suez Canal Bank (1%),...