VOL. XXXIX

No. 43

22-July-1996

EGYPT

Banbi Signs Five Oil Agreements

Last month, Egyptian Oil Minister Hamdi al-Banbi signed five oil agreements with the ENI/Agip subsidiary International Egyptian Oil Company (IEOC), Teikoku Oil of Japan and Repsol of Spain. All five agreements were approved last year by the Bids Committee of the Egyptian General Petroleum Corporation (EGPC) and subsequently by the Council of Ministers and People's Assembly (parliament).

Three agreements were signed on...