Oil Minister Signs Seven E&P Oil Agreements
Egyptian Oil Minister Hamdi al-Banbi has signed seven new oil and gasexploration and production (E&P) agreements with foreign firms. One wassigned on 3 May and the other six on 22 May. The seven were among 10 agreementswhich were approved by the Board of the Egyptian General Petroleum Corporation (EGPC)in December 1994 and January of this year (MEES, 23 January). The 10 explorationblocks were put on offer in...