VOL. XXXVI

NO. 9

30-NOVEMBER-1992

EGYPT

EGPC Awards Oil Concession to a Private Egyptian Company

The Egyptian General Petroleum Corporation (EGPC) has for the first timeapproved the award of an oil and gas exploration and production permit to aprivate Egyptian company. It is al-Futuh Company for Petroleum Services (inwhich a major shareholder is Egyptian businessman Husam Abu al-Futuh), and thetract, located near Disuq on the Rosetta branch of the Nile, was previously partof the 3,510-sq. km. West...