BusinessOil & Gas/Mining

Egypt launches gas and oil exploration bidding round

The round includes 10 areas in Egypt's Western Desert, two in the Eastern Desert, seven in the Gulf of Suez and four in the Red Sea

Egypt’s petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for 25 February.

The round includes 10 areas in Egypt’s Western Desert, two in the Eastern Desert, seven in the Gulf of Suez and four in the Red Sea, the ministry said.

Egypt, the most populous Arab country, has sought to position itself as a regional energy hub.

 

 

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Source
Reuters
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