Amendment of Amoco's Darag Concession
The agreement amending the terms of Amoco's offshore Darag concession in thenorthern part of the Gulf of Suez was published in a recent issue of theEgyptian Official Gazette. It basically provides for the incorporation ofEgypt's new gas incentive provisions into the terms of the original agreementgranted in 1987 (MEES, 19 May 1986), and also adds a new tract to the originalconcession area, whose exact size is yet to be...
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