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27-DEC-93/3 JAN 94


Egypt To Maintain Oil Production Level, Says Banbi

Egypt has welcomed efforts undertaken by the Omani Oil Minister, Mr. Sa'idbin Ahmad al-Shanfari, to coordinate between OPEC and non-OPEC oil producingcountries in order to stem the fall in prices, but stated it is not ready to cutproduction itself. The Egyptian position was confirmed by Mr. Hamdi al-Banbi,the Egyptian Oil Minister, in a statement sent to MEES on 20 December. He saidthat while Egypt...