Middle East Economic Survey

VOL. LI

No 11

17-March-2008

EGYPT

GSPC Signs Two Exploration Contracts Worth $470mn With Egypts Ministry Of Petroleum

Egypts Minister of Petroleum Sameh Fahmy has signed two oil and gas exploration agreements with Gujarat State Petroleum Corporation (GSPC) for acreage in the offshore East Mediterranean and the Western Desert that the state-owned Indian firm won in two separate bid rounds launched in February 2006. The two agreements envisage a minimum investment of...