VOL. XL

No. 42

20-October-1997

EGYPT

IEOC To Pipe Mediterranean Gas To Sinai

The Egyptian General Petroleum Corporation (EGPC) and the ENI/Agip subsidiaryInternational Egyptian Oil Company (IEOC) have signed an agreement under which IEOC willbuild a line to pipe gas from the Mediterranean offshore to north Sinai via a tunnel underthe Suez Canal. The agreement, which was signed on 11 October at Abu Rudeis in Sinai,provides for the construction of a $60mn, 42-km. line to initially transport 4bn...