VOL. XLV

No 1

7-January-2002

UAE/EGYPT

Emarat Signs MOU For Joint Venture InEgypt

Emirates Petroleum (Emarat) andEgypt痴 Middle East Oil Tank and Pipeline Company (Mid Tap) on 29 Decembersigned a memorandum of understanding (MOU) for the establishment of a jointventure oil services company called Emarat-Egypt, capitalized at E100mn ($22.8mn).Under the MOU, the new company will set up 69 service stations in Egypt, of thesame type as those operated by Emarat in the UAE, by the end of 2007, with the...