Egypt launches bid round for gas and oil exploration in 23 new areas — statement

Arab News: Egypt’s petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for Feb. 25, according to Reuters.

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.

https://www.arabnews.com/node/2380046/business-economy

Arab News.com Contribution Time: 26-Sep-2023 22:39 (GMT)
Arab News.com Last Update Time: 26-Sep-2023 22:39 (GMT)