VOL. XXXIV

NO. 43

29-JULY-1991

Egypt

Terms of IEOC/Esso's North Ras Budran Concession

The terms of the oil and gas exploration and production agreement concludedby Egypt with the Agip subsidiary International Egyptian Oil Company (IEOC)and Esso for the North Ras Budran tract have become available to MEES. Theagreement, for which the effective date is 12 April 1991, follows closely thepattern of previous Egyptian oil and gas production-sharing agreements. Thetract covers an offshore area of 420 sq....