VOL. XXXVII

NO. 18

31-JANUARY-1994

Egypt

Petrobel Discovers More Oil In Northeast Belayim

Belayim Petroleum Company (Petrobel), the joint venture owned by the Agipsubsidiary International Egyptian Oil Company (IEOC) and the Egyptian GeneralPetroleum Corporation (EGPC), has discovered more oil in the northeastern partof the Belayim Marine field in the Gulf of Suez, Egyptian Oil Minister Hamdi al-Banbisaid on 27 January. The discovery encountered two pay zones with a thickness of29 ms. (95 ft.) at a...