VOL. XXXVII

NO. 49

5-SEPTEMBER-1994

Egypt

Indian Firm To Acquire BG's Stake In N. Zaafarana Permit

The Indian Government has approved a proposal by India's Oil and Natural GasCommission (ONGC) to acquire a 50% interest in the North Zaafarana permit inthe northern part of Egypt's Gulf of Suez, the United News of India (UNI) saidon 26 August, adding that the approval decision was taken by the CabinetCommittee on Economic Affairs. The 50% interest is currently held by British Gas(BG). The North...