No. 40



Private Sector Lube Oil Venture Set Up In Egypt

A new privately-owned company, called Egypt-Canada Company for the Manufacture and Blending of Mineral Oils, is being set up in Egypt. The company's authorized capital is set at $15mn and the subscribed capital at $7.5mn, of which one- fourth will be paid on subscription and the balance over a period of five years. The five founding members account for 70%, or $5.25mn, of the subscribed capital, and the...