VOL. XXXIX

No. 26

25-March-1996

EGYPT

Banbi Signs Concession Agreements With Repsol/Amoco And Norsk Hydro

On 19 March, Egyptian Oil Minister Hamdi al-Banbi signed two oil and gas production-sharing concession agreements for acreage in Egypt's Western Desert. One agreement is for the 5,600-sq. km. East Bahariya permit which is held on a 50/50 basis by Repsol of Spain and Amoco of the US, with Repsol acting as the operator. The agreement requires the two companies to spend a total of...