EGPC Agrees In Principle to Incentive Concession Agreement with Britoil
Reports from Cairo indicate that the Egyptian General Petroleum Corporation (EGPC) has agreed in principle that the proposed production-sharing concession agreement with Britoil for acreage at West Natrun in Egypt's Western Desert would include incentive provisions allowing the company a sliding-scale oil take tied to oil prices. This is in line with the remarks by Egyptian Oil Minister Abd El-Hady...
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