VOL. XL
No. 17
28-April-1997
EGYPT
EgyptWill Offer 40% Of Midor Refinery For Sale If Repsol And Agip Bow Out
The Egyptian Government will offer shares in the projected $1.2bn, 5mn ton/yearEgyptian-Israeli Middle East Oil Refinery (Midor) near Alexandria for publicsubscription if Repsol of Spain and Agip of Italy decline offers to buy stakesin the project, according to Egyptian Oil Minister Hamdi al-Banbi. Speaking at apress conference in Cairo on 22 April, Dr. Banbi said that the Egyptian...
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