Banbi Signs Central Sinai Concession Agreement With Abu Al-Futuh
Egyptian Oil Minister Hamdi al-Banbi on 22 September signed the Central Sinaiconcession agreement with the National Exploration Company headed by Egyptian businessmanHusam Abu al-Futuh, according to the October issue of al-Bitrul magazine publishedby the Egyptian General Petroleum Corporation (EGPC). The terms of Abu al-Futuh's offerfor the 18,150-sq. km. block were approved by the bids...