Egyptian Council of Ministers Approves Seven Oil Agreements
The Egyptian Council of Ministers last month approved seven oil explorationand production agreements with foreign firms, which now have to go to theEgyptian People's Assembly (parliament) for approval. These are as follows:British Gas (BG) for the 8,500-sq. km. tract in the Mediterranean, north ofBardawil Lake off the Sinai coast; Coplex, the Tasmania-based Australian firm,for the 1,583- sq. km. West...