VOL. XLIV
No. 22
28-May-2001
EGYPT
EGPC Invests $22Mn In SEPCO
The state-owned Egyptian General Petroleum Corporation (EGPC) has agreed to invest $22mn in the Saudi-Egyptian Petrochemical Company (SEPCO), according to a statement issued on 24 May by Sigma Capital, the financier of the deal. EGPCs share in the joint-stock company represents 10% of the paid-up capital in the $550mn polyester project at'Amiriyah, near Alexandria where construction started last January.
The main backer of the SEPCO...
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