VOL. XLI

No. 42

19-October-1998

EGYPT

Egypt And Foreign Oil Companies Sign MOUs For Oil And Gas Rights Abroad

On 12 October, Egypt signed separate memorandums of understanding(MOUs) with three foreign oil companies operating in Egypt to seek oil and gas explorationrights outside Egypt. The three companies are Agip/ENI and Edison of Italy and Repsol ofSpain, with the Egyptian side represented by the Egyptian General Petroleum Corporation(EGPC). The immediate objective is for EGPC in partnership...