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26-DEC-94/2 JAN 95

Egypt Plans Massive Investments Over Next Five years

MEES Executive Editor Walid Khadduri reports from Cairo where he met Dr.Hamdi al-Banbi, the Egyptian Petroleum Minister, and senior oil officials.

Egypt is embarking on a multi-billion dollar program over the next five yearsdesigned to mobilize both private and public capital to expand its oil refiningand petrochemical facilities. The Egyptian General Investment Authority (GIA)has given approval for the...