VOL. XXXVII

NO. 43

25-JULY-1994

Egypt

Egypt Approves Proposal For Suez Refinery

The Egyptian Government has approved a private-sector proposal to build arefinery and petrochemical plant near the town of Suez, Egyptian Oil MinisterHamdi al-Banbi told Reuters on 20 July. A group of Egyptian and Kuwaitiinvestors, operating as the Sahara Company of Petroleum Products, plan to spend about$1.2bn on the refinery which will probably use Saudi or Kuwaiti crude and refineproducts for export. "They would...