VOL. XLI
No. 47
23-November-1998
EGYPT
Amoco Agrees To Invest $800mn In Egypt
Amoco has agreed to invest more than $800mn in Egypt over the next fiveyears, said Egypts Oil Minister Dr. Hamdi el-Banbi on 18 November following officialceremonies in Cairo to mark the cumulative production of more than 4bn barrels of oil bythe Gulf of Suez Petroleum Company (Gupco). Gupco is a joint venture between Amoco and theEgyptian General Petroleum Corporation (EGPC). Dr. Banbi told reporters that an agreement...
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