VOL. XXXV 

NO. 28

13-APRIL-1992

Egypt

Parliamentary Committee Approves Repsol's Qena-Luxor Concession

The Industrial Committee of the Egyptian People's Assembly (parliament) has approved the award of the Qena-Luxor tract in Upper Egypt to Repsol Exploracion of Spain, in which the company will be required to spend $13mn on exploration over a period of nine years. Prior to the sale of its producing interests in Egypt to Repsol, BP was in the process of negotiating with Egypt...