VOL. XXXVI

NO. 18

1-FEBRUARY-1993

EGYPT

Terms of Phillips Group's Offshore North Sinai Concession

The terms of the oil and gas exploration agreement - signed one year ago byEgypt with a group comprising Phillips Petroleum Company North Sinai (37.5%),Texaco Exploration North Egypt Inc. (37.5%) and K. M. Egypt Ltd. (a unit ofKerr-McGee Corp., 25%) for the offshore North Sinai Block A (MEES, 3 February1992) - have become available to MEES. The agreement, for which the effectivedate is 1 January 1993,...