VOL. XXXVI

NO. 21

22-FEBRUARY-1993

EGYPT

Banbi Says Egypt Will Offer Additional Incentives to New Operators

According to press reports from Cairo, Egyptian Oil Minister Hamdi al-Banbihas stated that Egypt will offer additional incentives to foreign companies inorder to encourage them to participate in the search for oil in Egypt. He saidthat such inducements are being offered by the states of the former Soviet Unionand by countries in eastern Europe, southeast Asia and Africa, adding that the...