VOL. XXXIV

NO. 40

8-JULY-1991

Egypt

Unocal Relinquishes Interest in Al-Tor Concession

Unocal has relinquished its interest in the 190-sq. km. offshore concessionat al-Tor in the Gulf of Suez. This was confirmed to MEES in a statement on 1July, which said that Unocal "has elected not to enter the secondexploration period of the al-Tor license in the Gulf of Suez, and has thereforerelinquished its interest in this license as of 15 May 1991. Unocal acted asoperator and held a 62% interest in this...