Vol. XL

No. 1



Khalda Petroleum Signs Gas Sales Agreement With Egypt

Khalda Petroleum - the joint venture owned 50% by theEgyptian General Petroleum Corporation (EGPC), 25% by Repsol of Spain (operator), 20% byApache of the US and 5% by Samsung of South Korea - signed a gas sales agreement on 31December to supply 200mn cubic feet daily (cfd) to Egypt's national gas pipeline grid atSidi Kerir on the Mediterranean coast west of Alexandria. The contract is for 25 years andis on...