VOL. XLII

No 48

29-November-1999

EGYPT

Egyptian Cabinet Endorses Export Of Natural Gas

Egypt痴 Minister of Oil, Mr. Sameh Fahmy, announced on 16November that the cabinet had given the green light for future gas exportschemes. The decision, according to Mr. Fahmy, sends a clear signal to foreigncompanies, enabling them to exploit "the window of opportunity that iscurrently available, which might not be available later." Egypt痴 foreignpartners are making preparations in the hope that the cabinet...