VOL. XXXV

NO. 22

2-MARCH-1992

Egypt

Asamera Exchanges Hurghada for Belayim Permit

The Egyptian General Petroleum Corporation (EGPC) and the Asamera group (GulfCanada, Canadian Occidental, Sun and Canadian Northwest) have reached atentative agreement under which the Asamera group will obtain an offshorepermit in the Belayim area in the Gulf of Suez instead of the 650-sq. km.onshore concession (block A2) at Hurghada, which was frozen in mid-1990 onaccount of the environmental concerns of the...