1954-07-27 — Page 2

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THE CHINA MAIL, TUESDAY, JULY 27, 1954,

MIDDLE EAST OIL

Egyptian Govt

Grants NewV

Concessions

Cairo, July 26,

The Egyptlán Government, aware of the truth of the experts' saying that In bil industry which exploits knowh resources without looking for new ones is a "wasting asset", has given the signal for an all-out drive to make Egypt self- sufficient in oil,

For the past five years, there has been no large scale bil exploration work done in Egypt.

during the five idle yenta was al castern Wads Firan, near the

The country's present needs amount to all 3.000 000 tons of mil a year. Two thirds of this is produced in the country and the remaining one hne to be imported.

shores of the cult of Suez, about 100 miles Softheast of Suez. third Egyptian hulibrities there te

port that the of the two Wells-i sut-Firan No. 2Which is 6.800 feet deep, da producing at the rate of between 189 and 200 tons of crude in dry.

Some of the principal ferers from

repressive Mining and Company Laivs

have ps-e: in 1947 and 1948 been Anglo-Egyptian Oilfields Ltd and the Socony Vacuum

mpany of Egyp'.

The sinking O! this well started on September 29 jast year and it is expected that our put will intrcase when sufficient stores and oil tankers are avalia als for the transport of the of to the Government refinery a

Under a settlement recently reached with the Government, however, these two compuales will now be alle to resume Suez. their exploration and prospeci- ing programmes and try to compensale for the

years.

WESTERN DESERT

new

Ave Jost But the aspect of the

search for oli in Egypt which be followed will undoubtedly

& A MILLION SPENT The companies have already with the greatest interest is the spent £4,000,000 on preliminary exploratory work to be unders

and exploration

prospecting taken in the Western Desert by Conorudd American work in 81 areas in the Sinat the Desert and Red Sea areas. and Petroleum Corporation, they have also signed u for development of the onekt already

discovered al Matarma, on the eastern shore of the Gulf of Suez.

During the next three years, 8

lease

Aranted Under Cortesion

u

the montha BRO by some Ras

Eyptian Government, the Cor. porntion has the right to search 113 huge dishgle stretching west from points hear

the empanies will put into opera-Alexandria and south of Cairo tion a development programme to the Libyan frontier.

for additional **- £2,000,000

purs of about

The concession is for 30 years,

A similar sum renewable for another 30 years

on spent on modernising and it is expected that millions

will be

the Anglo-Egyptian Oilfields re of dollars will be spent seeking

inery at Suez, and

improving of

we'fare facilities for labour.

the

the desert lands which once formed part of the Romanti North African The first year will see ten Empire's huge

wellsgranary. DJ ΣΠΟΓ exploration being drilled in the Binat ond After the signature of Eastern desert districts of the

between the Govern- contract Gulf of Sucz but in the Redment and the Concrafa Corpora

oh, Dr Hilmy Bahgat Badawi,

Commerce Minister of

Sen region.

IN ASSOCIATION

of

mattificalit

Twenty-five-year old Chin Yu, leading jady of the "Tea- with the "butterfly house of the Angust Moop", the xtri hands". Is married in London to 31-year old Australian Actor David Willaims, now starting in "South Preife''.'- Express Photo.

Still Raining

In England

London, July 26.

A daylong downpour delayed ships, held up aircraft, spoiled sport and dampened the spirits of Britain's holidaymakers today, the third day of continuous rain.

t

be

Se beneficial. We studied every

Incessant rain was the cause and It prevented play in both Test

va Pakistan pf a fault which developed in a Anglo-Egyptian Oilfields and Industry, declared, "The agree-matches-England

Old Trafford, Mahchester, telephone cable serving south the Socony VRCULIN Company ment is not unfair to Egypt. On

and England women va Now coast towns and caused a two- association in the the

It should contrary operate in

Zoalarid women at the Oval, hour delay in phone calls from nelds.

Red The Sinai

London to Brighton. Kennington,

60

miles with the flelds are operated by Anglo-

the contract line of

hway

the south coast. on Egyptian Ollfelds alone.

ulmost

Every first class cricket match have been care, and

The southwest coast had near- The capital

Angio-guided by our desire to exploit was affected. In at least forty tivo idéhes of rain yesterday,

without Egyptian

been Ölifekts has

tounty matches there was natural resources

one of the wettest July days TC- doubled Rnd now

play at all. amounts

and campers rushed to corded, Under being exploited ourselves,"

Egypt's military regime is

The how

Peninsular and boarding dieuses and hostris. the new agreement,

thai,

Tonight, there were brighter oil will be Driental cargo steamer, Ballarat, Egyptian Government will own determined

shone enough 300,000 shares, or 10 per cent possible,

produced in the country to meet was prevented by bad weather periods and the sun

Jerving the Humbar both Lonash and Manchester. of the Company's capital.

maiden Voyige But the outlook for toinorrow, is The only known new of the country's growing require-from

Australia. She is expectid to agali "generally, wet."-Reuter, Egypt ments-China Mail Bperfal. in

to ricarly £4,000,000.

discovered

Source

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