VOL. XXXVII

NO. 5

1-NOVEMBER-1993

Egypt/Libya

Details Of First Egyptian-Libyan Joint Oil Venture

More details have become available to MEES about the first joint oil venturerecently established by Egypt and Libya within the framework of the agreementconcluded between the two countries last year (MEES, 2 March 1992). The company,called the United Investment Company (MEES, 4 October 1993), has a declaredcapital of $50mn, a subscribed capital of $20mn and a current paid-up capital of$5mn. The...