VOL. XXXVIII

NO. 34

22-MAY-1995

Egypt

USAID TurnsDown Funding Request From Midor

The US Agency forInternational Development (USAID) has turned down a request from Midor (Egypt)to provide funds of $200mn for the projected $1bn, 5mn ton/year refinery whichMidor plans to build near Alexandria. The USAID office in Cairo indicated thatits program is intended to provide financial assistance for smaller projects.However, it now seems that Midor has arranged adequate funds for the project,including $240mn...