- 18 - 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. taxPage: Previous 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 Next
Last modified: May 25, 2011