NO. 22



EGPC and BG Group to Form Joint Company to Develop Warda Oil Discovery

The Egyptian General Petroleum Corporation (EGPC) and the group led byBritish Gas (BG) are about to form a joint operating company - the Zaafarana OilCompany - to develop and produce the Warda oil discovery made by the group inthe latter part of 1990 in the North Zaafarana permit in the northern part ofthe Gulf of Suez (MEES 10 and 24/31 December 1990). The North Zaafarana andadjoining...