VOL. XXXVIII

NO. 44

31-JULY-1995

Egypt

IEOC DevelopsThree Gas Fields

The ENI/Agipsubsidiary International Egyptian Oil Company (IEOC) is spending a total of$144mn on the development of three gas fields for production next year,according to Egyptian Oil Minister Hamdi al-Banbi. These include two offshorefields, Port Fuad and Wakar, in the Mediterranean to the north of Port Said, andan onshore field at Halawa in the East Delta permit, southwest of Petrobel's (EGPC/IEOC)producing Abu Madi gas field...