VOL. XLIII

No. 06

7-February-2000

EGYPT

EGPC To Introduce New Gas Price Formula As Trade Balance Declines And Exports Stall

The Egyptian General Petroleum Corporation (EGPC) is negotiating with international oil companies on a new gas clause which will introduce an amended gas price formula for the production sharing agreements for all forthcoming licensing rounds, including the upcoming June round for four deep water concessions, MEES understands. The reason for the introduction of the new gas...