VOL. XXXIII

NO. 30

30-APRIL-1990

Egypt

Conoco Asking for $200Mn for Western Desert Interests

MEES understands from highly-placed Egyptian sources that Conoco is seeking a$200mn package deal involving the sale of all its producing and explorationinterests in Egypt's Western Desert. However, if none of the purchase bids meetthe required minimum, Conoco plans to retain the properties. Some of theconcession interests are subject to preferential rights by Conoco's partners andany sales agreement is...