VOL. XXXII

NO. 42

24-JULY-1989

EGYPT

Kandil Signs Six Oil Agreements

On 18 July, Egyptian Oil Minister Abd El-Hady Kandil signed sixproduction-sharing oil and gas agreements with Arco and Amoco, according to theCairo daily al-Ahram of 19 July.

Two agreements signed with Arco cover the South and West Delta tracts. In theformer tract, the company is required to spend $18.5mn on exploration and todrill six wells, and in the latter, covering an area of 3,510 sq. kms., it isrequired to spend $22mn and...