VOL. XL

No. 46

17-November-1997

EGYPT

Amoco Admits Oil Output Decline But Stresses Long-Term Commitment To Egypt

In a statement issued in Cairo on 12 November, Amoco Egypt said that an article whichappeared in the Financial Times (FT) of the same date presented "anincomplete view of Amoco Egypt's future plans and prospects." The FT articlehad said that "fields run by Amoco, the largest operator (in Egypt), are expected tosee a 25% fall in output until 2001," adding that the "company may have to...