VOL. XXXIX

No. 36

6-June-1996

EGYPT

Exxon Ponders Sale Of Egyptian Assets

Exxon Corp. is considering selling its interests in Egypt, but no final decision has been taken as yet. This was stated in Houston on 30 May by a spokesman of the Texas- based company. He said that his company has been seeking purchase offers since last February for its interests in two concessions: the offshore East Zeit permit in the Gulf of Suez, which is operated by Esso Suez Inc. under a production-sharing...