VOL. XL
No. 47
24-November-1997
EGYPT
Scimitar And Proprietary To Develop GPC's Issaran Field
Scimitar Hydrocarbons Corporation, a wholly owned subsidiary of Canada's ScimitarProduction International Ltd., has signed a heads of agreement with Egypt's state-ownedGeneral Petroleum Company (GPC) to develop the latter's Issaran heavy oil field.Proprietary Energy Industries Inc., also of Canada, has a right to farm in for 10% ofScimitar's interest, a right it intends to exercise. The field is...
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