VOL. XL

No. 12

24-March-1997

EGYPT

EGPC Embarks On Privatization Of Domestic Gas Marketing

The Egyptian General Petroleum Corporation (EGPC) has embarked onplans to privatize domestic gas marketing. To this end, Egyptian Oil Minister Hamdial-Banbi last month issued a decision setting up a joint stock company called the EgyptianNatural Gas Company. The new company, which will be chaired by Eng. Muhammad Tawila,currently EGPC Deputy Chairman for Gas, will take over the gas functions of two...