NO. 17



New Oil/Gas Discoveries

According to the Cairo daily al-Ahram of 22 January, three new oil/gasdiscoveries were recently made in Egypt. These are as follows:

- The group headed by the ENI/Agip subsidiary IEOC has made its firstdiscovery in the Kanayis permit in the Western Desert about 300 kms. west ofCairo. The well, the fifth to be drilled in the permit, flowed at a rate of 30mncu. ft./day of gas and 1,000 b/d of condensates from Jurassic sandstone at adepth...