According to the draft Mr Mubarak has forwarded to parliament, candidates for the presidency would need to be proposed by a legal political party and approved by an as-yet undeterminednumber of MPs or members of local councils.
Stephen Pope, global equity strategist at Cantor Fitzgerald in London, says there are still a number of undetermined issues, including the pressure reading which is still short of the level that BP itself has said it needs to see to declare the well sound.