EGPC Approves Seven More Oil Agreements
Quoting Eng. Muhammad Ma'bad, Chairman of the Egyptian General PetroleumCorporation (EGPC), the Cairo daily al-Ahram of 23 October states that the EGPChas approved the offers submitted by a number of companies for seven newproduction-sharing oil concession agreements in Egypt. Eng. Ma'bad added thatthe agreements will be formally signed following their approval by the EgyptianPeople's Assembly (parliament). The proposed...