Amoco Corporation (Formerly Standard Oil Company (Indiana) and Affiliated Corporations - Page 50

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          the ARE.  Banbi agreed to provide letters to Amoco to prove the             
          point.                                                                      
               Banbi indicated that he was relying on A. Radwan for help on           
          the details of making the change to taking a deduction in a                 
          retroactive manner and met with Banbi after the Amoco                       
          representatives had left.                                                   
               On May 13, 1992, A. Radwan informed Pitman that Banbi had              
          instructed him to work out the change of EGPC's tax credit.                 
          A. Radwan told Pitman that EGPC would do its best.  Pitman viewed           
          this as a sign that A. Radwan would not give up the credit so               
          easily.                                                                     
               Amoco representatives met with A. Radwan on May 14, 1992,              
          where they made a point of emphasizing that Banbi had given the             
          go-ahead to work out the change to a deduction retroactively.               
          A. Radwan raised several obstacles to Amoco's suggestion that a             
          retroactive change of EGPC's tax credit would be relatively easy            
          to accomplish.  It appeared that A. Radwan was trying to create             
          as many obstacles as possible to the suggestion that the                    
          retroactive change was relatively easy to accomplish.  A. Radwan            
          described Amoco's request for a retroactive change as a "new                
          request".  A. Radwan reminded Amoco that it had previously                  
          requested EGPC's help to show only two points:  (1) That EGPC is            
          part of the Egyptian Government, and (2) that EGPC does not                 
          receive a subsidy from the Government. When Lenahan asked                   
          A. Radwan point blank whether he agreed with the ruling of the              




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