People's Assembly Approves New Oil Concessions
The Egyptian People's Assembly (parliament) on 21 April approved seven newoil and gas exploration and production agreements with foreign firms. Theseagreements, which were approved last month by the Egyptian Council of Ministers(MEES, 15 March), are as follows: British Gas (BG) for the 8,500-sq. km. tractin the Mediterranean, north of Bardawil Lake off the Sinai coast; Coplex, theTasmania-based Australian firm,...