VOL. XXXVI
NO. 20
15-FEBRUARY-1993
EGYPT
Foreign Oil Companies Spend $1.2bn a Year in Egypt
According to Dr. Mustafa Sha'rawi, Chairman of the Egyptian General PetroleumCorporation the expenditure of foreign oil companies operating in Egypt hasaveraged about $1,185mn a year during the past three years, comprising $825mn ayear in capital investments and $360mn a year in operating expenses.
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