Terms of Amoco's Tanka Concession
The text of the oil and gas exploration and production agreement signed inJuly 1989 by the Egyptian Oil Minister, Eng. Abd El-Hady Kandil, with Amoco forthe 530-sq. km. Tanka tract in the Gulf of Suez (MEES, 24 July 1989) has becomeavailable to MEES. The terms of the agreement, for which the effective date is 7December 1990, follow closely the pattern of Egyptian oil and gasproduction-sharing concession agreements. Royalty is...