- 12 - Esso and Mobil Production Sharing Agreements In early 1973, Esso Middle East (Esso), a division of Exxon Corporation, began negotiations with EGPC to obtain an Egyptian concession agreement. Negotiations were conducted in English and draft agreements were prepared in English. In the Esso negotiations, EGPC was represented by EGPC chairman (and later Minister of Petroleum) Ahmed Hilal, his successor as EGPC chairman, Ramzy El Leithy, Agreements Department Manager Ibrahim Radwan (I. Radwan), Accountant Ahmed Radwan (A. Radwan), Legal Counsel Ahmed Mansour, and Tax Advisor Gamal Eshmawi. Leithy served as EGPC chairman from April 1973 until 1980. Negotiations began before Leithy became chairman, although Leithy was head of the negotiating team when Article III(f)(6), see infra p. 14, was added to the agreement. Mansour and A. Radwan represented EGPC at most negotiation meetings, but went to Leithy with any problems. Mansour and A. Radwan were on an EGPC "small committee" responsible for reviewing the Esso agreement. In the negotiations, Esso was represented by Frank H. Mefferd, W. D. Kruger, C. Hedlund, A. T. Gibbon, B. G. Agnew, C. B. Corley, and Alfons Sadek. In February 1973, EGPC began the negotiations by using the Nosodeco production sharing agreement as a proposed model for the Esso agreement. It was intended that EGPC bear taxes andPage: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011