Egypt will announce the petroleum companies to float in the bourse in November, with a global road show planned to lure investors, the country's oil minister said at a Tuesday press conference. Eight companies are currently being considered, Minister Tarek El-Molla said. Some of these companies are already in the bourse, and a committee is studying whether to float more of their shares. "We need to have more companies in the bourse. We don't have to [float] all shares. We can float at least 20% of the shares," the minister stated. The minister told Reuters in August that "among the names we are studying are Middle East Oil Refinery (MIDOR) and the Egyptian Ethylene and Derivatives Company (ETHYDCO), and we are considering a capital increase for companies Alexandria Mineral Oils Co. (AMOC), MIDOR, and Misr Fertilizers Production Company (MOPCO)." (ahramonline)