VOL. XXXIX

No. 36

6-June-1996

EGYPT

Development Of Obayed Gas Fields Will Cost $570mn

Plans by Badr al-Din Petroleum Company (Bapetco) - the 50/50 joint venture between Shell Egypt and the Egyptian General Petroleum Company (EGPC) - to develop the Obayed gas fields in the northern part of Egypt's Western Desert will cost about $570mn, according to Egyptian Oil Minister Hamdi al-Banbi. The Minister, who visited the area late last month, said that the planned facilities include a gas...