VOL. XXXIX

No. 17

22-January-1996

EGYPT

Apache/Global Acquire Darag Block In Suez Gulf

The Egyptian General Petroleum Corporation (EGPC) has granted preliminary approval for the award of the Darag block, located in the northernmost part of the Gulf of Suez, to Apache Corporation and Global Natural Resources Corporation (GNR), both of the US, according to a press release issued by Apache in Houston on 10 January. Apache and GNR will each hold a 50% working interest in the exploratory...