Terms OfRepsol/Pennzoil's Southeast Gulf of Suez Concession Agreement
The oil and gas exploration and production-sharing agreement concluded last year by Egypt with Repsol ofSpain(operator) and Pennzoil of the US for the 1,100-sq. km.Southeast Gulf of Suez tract (MEES, 29 May 1995) has nowbeen gazetted. The agreement was approved by Law No. 17 of18 April 1995, which was published in Egypt'sOfficialGazette on 14 December 1995. The effective date ofthe...