EGYPT

Reports on Amoco's Darag and Shell's Hurghada Concessions Are Premature 

Sources at the Egyptian General Petroleum Corporation (EGPC) have indicated that the announcement last April of two new oil production-sharing agreements with Amoco for an onshore tract at Darag in the northern part of the Gulf of Suez and with Royal Dutch/Shell for onshore acreage in the Hurghada area at the mouth of the Gulf of Suez (MEES, 8 April) was premature. Negotiations with both companies...