VOL. XXXVI

NO. 44

2-AUGUST-1993

EGYPT

IEOC To Invest $2.3bn Over Next Four Years

The AgipsubsidiaryInternationalEgyptianOilCompany

(IEOC)isplanningto invest about $2.3bn in oil and gas projects in Egypt over the next fouryears(1994-97),accordingtoEgyptian Oil MinisterHamdi al-Banbi.The new investments will be used bothformaintainingproduction

levelsfromexisting fields and fordeveloping new finds, especiallygas.Themainproducingfields,including

BelayimLandandBelayim Marine,located inthe Gulf of...