VOL.XXXVI

NO.16

18-JANUARY-1993

EGYPT

Egyptian Bank Provides Funds for LPG Project

The National Bank of Egypt has agreed to provide a loan of $80mn on favorableterms to the Egyptian General Petroleum Corporation (EGPC) to finance theconstruction of an LPG plant in Alexandria. The plant will process gas fromEgypt's Western Desert to produce 360 tons/day of LPG, 75 tons/day ofcondensates and 280mn cu. ft./day of dry gas which will be fed into the nationalgas pipeline grid. The EGPC subsidiary...