VOL. XL

Issue No. 23

9-June-1997

EGYPT

Banbi Signs Seven New Concession Agreements

Egyptian Oil Minister Hamdi al-Banbi has signed the following seven oil and gas exploration and production sharing concession agreements - the first three on 25 May and the last four on 1 June. The agreements had previously been approved by the Egyptian General Petroleum Corporation (EGPC), Council of Ministers and People's Assembly (parliament). Most of them were among a number of blocks put on offer...