VOL. XXXIX No. 62 2-December-1996EGYPT

New Oil Find For Petrobel In Suez Gulf Petrobel, the joint venture owned 50% by the Egyptian General Petroleum Corporation (EGPC) and 50% by the ENI/Agip subsidiary International Egyptian Oil Company (IEOC), has made a new oil find in the Belayim field in the Gulf of Suez. The well, Belayim 79/113, yielded some 1,000 b/d of crude oil from a 70-m. (230-ft.) pay zone at a depth of 3,480 ms. (11,418 ft.). Egyptian Oil Minister Hamdial-Banbi has given...