No. 03



Terms Of Teikokus Sallum Concession Agreement

The oil and gas exploration and production sharingconcession agreement concluded last May with Teikoku Oil Company of Japan for the22,000-sq. km. Sallum block (see map) has been gazetted. The block is located innorthwestern Egypt on the border with Libya. About a quarter of it is located offshore inwater depths of less than 200 ms. (656 ft.), and the rest is onshore. The agreement wasapproved by Law No. 75 of 8...