NO. 48



EGPC Approves New Concession Agreements in Suez Gulf and Western Desert

The Egyptian General Petroleum Corporation (EGPC) has approved in principlea number of new agreements for oil acreage in the Gulf of Suez and WesternDesert, according to Mr. Wafiq Mushrif, Vice-Chairman of Agreements at the EGPC.The offers were made in the recent round of bidding for six tracts in the Gulfof Suez and seven in the Western Desert, for which the closing date was 31 July.The...