VOL. XLII

No. 13

29-MARCH-1999

EGYPT

Egypt Signs E&P Agreements With Shell and ENI For TwoBlocks In Offshore Mediterranean

Egypt痴 Minister of Petroleum, Dr. Hamdi al-Banbi, last weeksigned exploration and production sharing agreements for two blocks in Egypt痴Mediterranean offshore, following approval by the Egyptian parliament. TheEgyptian General Petroleum Corporation (EGPC) approved both deals in the summerof 1998. The first agreement is with Royal Dutch Shell for the 41,500 sq. km.block C...