VOL. XXXVI
NO. 43
26-JULY-1993
EGYPT
Banbi Signs Oil Agreement With Coplex
Egyptian Oil Minister Hamdi al-Banbi on 18 July signedan oil and gas exploration and production-sharing agreement with Coplex, theTasmania-based Australian firm, for the 1,583-sq. km. West 'Ish al-Mallahaonshore tract on the mainland west of the Gulf of Suez in the Eastern Desert.The agreement requires the company to pay a signature bonus of $1mn and to spend$9mn on exploration, including the drilling of three wells, over...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!