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Egyptian Government with responsibility for management of the
ARE's mineral resources.
The Egyptian Government authorizes petroleum exploration and
development through concessions granted to EGPC or jointly to
EGPC and a private oil company, such as Amoco Egypt. The
procedure for entering into a concession agreement begins with a
negotiation between EGPC and the private oil company as to the
terms of the agreement. An agreement in English is initialed by
the parties, indicating preliminary approval. The English text
is then translated into an Arabic text, which is then initialed
by the parties and the translators. Following approval by the
EGPC board of directors and the Minister of Petroleum, the
English text is signed by EGPC and the private oil company.
Review and approval is then made by various government councils
and committees. Among the government entities, the Egyptian
State Council and the Council of Ministers conduct in-depth
reviews and analyses of concession agreements where the terms of
such agreements are presented to them for the first time. If an
identical provision of another concession agreement is submitted,
the committees rely upon the previous reviews. A law is then
passed and signed by the president of the ARE authorizing the
Minister of Petroleum to enter into the concession agreement on
behalf of the Egyptian Government. The Minister of Petroleum and
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Last modified: May 25, 2011