United Gas Derivatives Company

As a result of the fruitful cooperation between the Egyptian Petroleum Sector and the International Petroleum and Gas companies and under the umbrella of the stability that prevails in Egypt , a Shareholders Agreement was signed in October 2001 for the establishment of the United Gas Derivatives Company ( UGDC ) as an Egyptian joint stock company within the framework of the special free zones Law among the following founder shareholders :

• The Egyptian Natural Gas Company (GASCO)
• BP Global Investments Limited (BP)
• ENI International B.V. (ENI)

Three equal partners, One objective & One management team