VOL. XXXVIII

NO. 47

21-AUGUST-1995

Egypt

Dow Chemical Opts Out Of Suez Petrochemical Project

Dow Chemical of the US has decided to opt out of a project for theestablishment of a petrochemical complex near the town of Suez, according to the7 August issue of the Cairo economic weekly al-Ahram al-Iqtisadi. The weeklyattributes the company's decision to withdraw to the failure to reach agreementwith the Egyptian General Petroleum Corporation (EGPC) on the price of naturalgas for the proposed complex....