VOL. XLIII
No. 39
25-September-2000
EGYPT
EGPC Agrees With IOCs To Change Gas Price Formula
Egypt has agreed with international oil companies (IOCs) to change the current gas price formula in production sharing agreements, effectively reducing the price Egypt has to pay IOCs for their share of gas, according to Oil Minister Sameh Fahmy on 18 September. The cabinet has approved the new agreement, which still has to be submitted to parliament when it reconvenes on 13 December after general...
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