VOL. XXXVII

NO. 24

14-MARCH-1994

Egypt

Egypt Waives Signature Bonus On Mobil/Asamera South Belayim Tract

According to Cairo press reports quoting Oil Minister Hamdi al-Banbi, Egypthas agreed to waive the $1mn signature bonus on the Mobil/Asamera South Belayimblock in the Gulf of Suez, which is one of five agreements that will shortly bereferred to the Egyptian People's Assembly (parliament) for approval (MEES, 7March). The reason for the waiver is that Asamera (Gulf Canada, CanadianOccidental, Sun...