Terms of Amoco's East Baltim Concession
The terms of the oil and gas exploration and production agreement signed lastJanuary (MEES, 3 February) by Egypt with Amoco for the East Baltim offshoretract have become available to MEES. The agreement, for which the effective dateis 1 July 1992, follows closely the pattern of other Egyptian oil and gasproduction-sharing agreements. The tract covers an area of 785 sq. kms. in theMediterranean to the north of Egypt's...