VOL. XL

No. 04

27-January-1997

EGYPT

Privatization Program Excludes Existing Refineries

Egypts privatization program does not include thecountrys existing refineries which are regarded as one of the important strategic sectorsof the economy, according to Egyptian Oil Minister Hamdi al-Banbi. The Minister, who wasspeaking on 18 January at a ceremony inaugurating the expansion of the distillationcapacity of Cairo Petroleum Companys refinery at Tanta from 2.1mn to 2.7mn tons a year,said that...