Terms Of Forum's Southwest Gebel El-Zeit Concession Agreement
The first oil and gas exploration and production-sharing agreement concludedby the Egyptian General Petroleum Corporation (EGPC) with a private Egyptiancompany has now been gazetted. The company is Forum Exploration, headed bybusinessman Wafiq al-Jundi, and the tract is the 212-sq. km. Southwest Gebel al-Zeitoffshore area in the vicinity of Zeit Bay in the Gulf of Suez (see map below).The...