VOL. XLIV

No. 07

12-February-2001

EGYPT

Shell Acquires 18% Equity InNATGAS

Shell International Gas and EgyptKuwait Holding Company (EK Holding) announced on 31 January that they havefinalized an agreement to transfer 18% of NATGAS shares from EK Holding toShell. The agreement was concluded with the support of the Egyptian Ministry ofPetroleum.

NATGAS, an Egyptian joint stockcompany traded on the Egyptian stock exchange, was incorporated in early 1998.The state-owned Egyptian General Petroleum...