VOL. XLVI

No 31

04-August-2003

EGYPT

ENERGY FINANCE

EIB Studies $200Mn Investment In Egyptian Oil And Gas Projects

The European Investment Bank (EIB) is studying a plan to invest $200mn in Egyptian oil and gas projects and is establishing a company Tharwa as a partner for potential investments in Egypt for oil and gas exploration and pipeline construction. The company is being set up in accordance with Egyptian laws to encourage investment and has an authorized capital of $300mn, $100mn of which...