VOL. XXXVI

NO. 41

12-JULY-1993

SYRIA/EGYPT

Syria And Egypt Set Up Joint Drilling Company

Syria and Egypt have concluded an agreement setting up a joint oil drillingcompany, to be headquartered in Syria. The agreement was signed in Damascus on 4July by the visiting Egyptian Oil Minister, Mr. Hamdi al-Banbi, and his Syriancounterpart, Dr. Nadir Nabulsi. The agreement also provides for increasedcooperation between the two countries in all oil operations, both upstream anddownstream, and for greater...