VOL. XL

Issue No. 23

9-June-1997

EGYPT

Terms Of Repsol/Kufpec's Ras Al-Hikma Concession Agreement

The terms of the oil and gas exploration and production sharingconcession agreement covering the 535-sq. km. Ras al-Hikma onshore block in Egypt'sWestern Desert (see map) have now become available to MEES. The agreement wasoriginally signed by Egyptian Oil Minister Hamdi al-Banbi on 19 March 1996 with NorskHydro of Norway and the Kuwait Foreign Petroleum Exploration Company (Kufpec) - MEES,1 April...