VOL. XXXII

NO. 35

5-JUNE-1989

EGYPT

Assignment of 'Asran Field to GPC Officially Approved

The law approving the assignment of the onshore 'Asran field in the North 'Amirarea west of the Gulf of Suez to the Egyptian state-owned General PetroleumCompany (GPC) was published in the Egyptian Official Gazette on 6 April. Thefield, with an output of 2,000 b/d of heavy crude oil, was discovered by Arco inApril 1986 but was relinquished by it in July 1987. A few months later, theEgyptian authorities...