VOL. XXXVI

NO. 15

11-JANUARY-1993

EGYPT

BG Initials Agreement for Tract Off North Sinai

The Egyptian General Petroleum Corporation (EGPC) and British Gas (BG) haveinitialed the agreement providing for the award to BG of the 8,500-sq. km. tractlocated in the Mediterranean north of Bardawil Lake off the Sinai coast.Provisional agreement regarding the tract was reached between the two sides lastyear (MEES, 25 May 1992). The tract, part of which is in over 200ms. of water,was previously split into...