[2] In July 1961 the government of the United Arab Republic acquired a 50% shareholding in the company.
It was renamed as the Al Nasr Oilfields Company on 4 January 1962, and was converted into a United Arab Republic Company.
[3] It seems to have been nationalised in 1964, and news reports cite Gamal Abdel Nasser's seizing in 1964[4] while Skinner's Oil and petroleum year book suggests 1951 control.
[5] The oilfields utilised were the Hurghada and the Ras Gharib, on the western shore of the Red Sea.
It also held a joint leases in the Sinai peninsula.