Amoco Corporation (Formerly Standard Oil Company (Indiana) and Affiliated Corporations - Page 18

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               Leithy, EGPC chairman, was the chief negotiator for EGPC for           
          the negotiation of the MCA, as well as representing the interests           
          of the Egyptian Government.  Other members of the EGPC                      
          negotiating team included Mansour, its legal counsel, I. Radwan,            
          and A. Radwan, its accountant.                                              
               Ross W. Craig, president of Amoco Egypt from 1971 to 1977,             
          was the lead negotiator for Amoco Egypt.  Other members of Amoco            
          Egypt's negotiating team included attorneys Quentin Swiger and A.           
          T. Richey from the tax department, attorneys Thomas James, John             
          Rosshirt, and Egyptian attorney Ahmed Chiati from the law                   
          department, and economist James Bock from the planning and                  
          economics department.                                                       
               The MCA negotiations generally consisted of one-on-one                 
          negotiations between Craig and Leithy.  The negotiations were               
          conducted in English, and drafts of the MCA were prepared in                
          English.                                                                    
               Initially, a draft of the MCA prepared for Amoco Egypt                 
          proposed that EGPC be entitled to a tax credit for royalties paid           
          to the Egyptian Government.  This idea was quickly rejected by              
          Craig and was never proposed to EGPC.                                       
               In working out the terms of the MCA, the parties used EGPC's           
          prior production sharing agreements as models.                              
               In the course of negotiations, Amoco was concerned with the            
          creditability of Amoco Egypt's Egyptian income taxes for U.S. tax           






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