NO. 36

12 JUNE 1989


Kandil Signs Three Oil Agreements with Amoco On 7 June

Egyptian Oil Minister Abd El-Hady Kandil signed three agreements with Amoco.One agreement covers the 833-sq. km. Darag concession in the northern part ofthe Gulf of Suez and provides for an exploration obligation of $16.7mn (MEES, 19May 1986). The second agreement adds 22.29 sq. kms. and 10.36 sq. kms. to theMorgan and July fields respectively in the Gulf of Suez, and provides for thedrilling of one well in...