VOL. XXXVI

NO. 25

22-MARCH-1993

EGYPT

Repsol Negotiates for Purchase of Phillips' Equity in Western Desert

MEES learns that Repsol is negotiating for the purchase of Phillips' share infour small oil fields - Alamein, Yidma, Umbaraka and South Umbaraka - in Egypt'sWestern desert. Repsol is already a partner in all four fields, with Phillips asthe only other shareholder. The Alamein, Yidma and Umbaraka fields are beingproduced by Wepco, the joint operating company owned 50% by the Egyptian General...