Oil Minister Signs West Gharib E&P Concession Agreement
Egyptian Oil Minister Hamdi al-Banbi on 1 June signed a new oil and gas exploration andproduction sharing concession agreement with Canadian firms Dublin International PetroleumEgypt Ltd. and Tanganyika Oil Company Ltd. for the 2,530-sq. km. West Gharib permit (BlockH), located in Egypt's Eastern Desert west of the Gulf of Suez. The two companies arenewcomers on the Egyptian oil scene. The offer for...