NO. 24



Terms of TPO/IEOC's East Shuqair Marine Concession

The terms of the oil and gas exploration and production agreement signed inJune 1989 by Egypt with Total Proche Orient (TPO) of France and IEOC Co. Inc., asubsidiary of Italy's Agip, for the 63-sq. km. East Shuqair Marine tract in theGulf of Suez (MEES, 24 July 1989) have become available to MEES. The terms ofthe agreement, for which the effective date is 25 January 1991, follow closelythe pattern of Egyptian...