VOL. XL

No. 04

27-January-1997

EGYPT

Tradewinds Acquires Union Texas' Interest In SmallGazwarina Field

Tradewinds Oil and Gas, a small companyestablished in Houston, Texas, about three years ago, announced on 6 January that it hadacquired the 25% working interest of Union Texas Egypt (a branch of Union Texas PetroleumHoldings) in the small Gazwarina field southeast of Cairo near the Gulf of Suez. Thefield, which is producing about 500 b/d, is operated by Marathon on behalf of the jointventure...