Egypt launches bid round for Mediterranean, Nile Delta oil and gas exploration

Follow-ups -eshrag News:

Wed, 2022-12-28 15:39

CAIRO: Egypt has set a new international tender for oil and gas exploration rights in the Nile Delta and Mediterranean sea.

The tender was set for 12 blocks, split evenly between onshore and offshore, and the deadline for offers in the bid round was set for April 30, 2023, the tender announcement showed.

In a statement, Minister of Petroleum and Mineral Resources Tarek El Molla said the tender offered by the Egyptian Natural Gas Holding Co. is part of the ministry’s strategy to increase investment in the oil and gas sector.

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