VOL. XXXVIII

NO. 20

13-FEBRUARY-1995

Lebanon

Lebanese Oil Minister Floats New Ideas To Rehabilitate Refining Sector

The Lebanese Minister of Industry and Oil, Dr. As'ad Rizq, has said that heintends to submit to the Lebanese Parliament in February or March a proposal toset up a joint venture corporation for rebuilding the country's refiningindustry. The proposed corporation would have an initial capital of $200mn owned25% by the Lebanese Government, 50% by foreign investors and 25% by localprivate...