IPC TO EXPLORE ALGERIAN TRACT

International Petroleum Corp. (IPC) of Dubai, United Arab Emirates, has signed a cooperation agreement with Algerian state oil company Sonatrach covering an undrilled 8,600 sq km area north of Bechar. Site is in the western Sahara Desert. The 1 year contract, which will be effective for 12 months beginning Sept. 1, calls for geological and geophysical studies, including reprocessing of seismic data held by Sonatrach. At the end of the 12 months IPC will have an option to sign a petroleum

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