VOL. XL

No.24

16-June-1997

EGYPT

Samsung Receives Letter Of Intent For Khalda Gas Development Contract

Samsung Engineering Corporation of South Korea has received a letter ofintent for the engineering, procurement and construction (EPC) contract for development ofthe Salam gas fields in the Khalda concession in Egypt's Western Desert. The letter ofintent was issued by Khalda Petroleum Company, the joint venture owned 50% by the EgyptianGeneral Petroleum Corporation, 25% by Repsol of Spain...