ECONOMIC SURVEY
(Communicated by GPO ECONOMIC DESK)
Jerusalem, 12 April 1994
NEWS ITEMS
ENERGY SECTOR:
* EGYPT TO BEGIN EXPORTING OF NATURAL GAS IN 1998. ISRAEL EXPECTS TO BE
ONE OF THE FIRST CUSTOMERS.
Egypt is planning to begin export production of its natural gas reserves
in 1998, according to Muhammad a-Tavilah, deputy president of the
Egyptian National Oil Company's natural gas division. Energy Minister
Moshe Shahal has reported his ministry is negotiating with the Egyptians
for securing supply of the natural gas. Egypt's natural gas reserves are
estimated at around 21 trillion cubic feet of natural gas (600 billion
cubic meters), according to a-Tavilah. Israel Institute of Petroleum and
Energy - Haim Tal 03-641-4271
BUSINESS SECTOR:
* ISRAEL ELECTRIC CORPORATION ONCE AGAIN TOPS DUN AND BRADSTREET LIST OF
LARGEST INDUSTRIES.
Yesterday (Monday) 11.4.94, Dun and Bradstreet released its annual list
of the 100 largest industrial concerns in Israel. The top 10 were:
Israel Electric Corporation, Israel Aircraft Industries, Oil Refineries,
Tadiran, Tnuva Food Industries, Scitex Corporation, Elbit Computers,
Dead Sea Works, Motorola Israel, and Teva Pharmaceuticals. Adacom
Technologies recorded the largest upward movement on the list jumping 58
spaces to 81 from 139 the year before. Dun and Bradstreet's list of the
largest trading and services firms showed the following top ten: Bezeq
Israel Telecom, Tnuva Food Industries, Zim Israel Navigation Companys,
Paz Oil, El Al Airlines, Blue Square Co-op, Super Sol, Delek Israel Fuel
Corporation, Mekorot Water Company, and Shekem. Dun and Bradstreet
(Israel) - Doron Daphna 03-510-3355
DELEGATIONS:
* AUSTRALIAN BUSINESS GROUP HERE FOR VISIT.
A group of 40 Australian businesspeople are here looking to pursue new
business directions with local firms. The group includes senior
officials from various large Australian concerns in the
telecommunications, banking, and department store sectors. (Ma'ariv,
12.4.94)