VOL. XLIV

No 33

13-August-2001

EGYPT/LIBYA

EgyptAnd Libya Consider Joint Oil And Gas Projects

TheEgyptian Oil Minister, Sameh Fahmy, announced on 4 August that Egypts GeneralAuthority for Investment had approved the establishment of the Arab Company forOil and Gas pipelines (Al-Tayoub), a $100mn joint venture between LibyasNational Oil Corporation (NOC 50%) and the Egyptian General PetroleumCorporation (EGPC) and its affiliates Gasco and Petrojet (50%).

Al-Tayoubsestablishment is long overdue....