Arco Farms Into Texaco's Assiut Concession
Arco has farmed into Texaco's Assiut concession in Upper Egypt and will take over as operator of the acreage, according to Dr. Wafiq Mishrif, Deputy Chairman for Agreements at the Egyptian General Petroleum Corporation (EGPC). The 33,800-sq. km. tract in what is regarded as a frontier area of the Nile Valley was awarded to Texaco in mid-1992 (MEES, 19 October 1992). Dr. Mishrif did not say what...