VOL.XXXIXNo. 5728 October 1996EGYPT

PennzoilComments On Acquisition Of North July BlockIn a press release issued in Houston on 18 October,Pennzoil commented on its acquisition of the 34-sq. km.North July block, located in the central Gulf ofSuez, immediately to the north of the July oil field operated by Gupco,the 50/50 joint venture owned by Amoco and the Egyptian GeneralPetroleum Corporation (EGPC). It said that the block has knowncrude oil accumulations and good prospective exploration...