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Egypt Launches Oil and Gas Bid Round for 24 blocks

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February 18, 2021
Tarek El-Molla, minister of petroleum and mineral resources, Egypt - Credit: Egypt's Ministry of Petroleum and Mineral Resources

Tarek El-Molla, minister of petroleum and mineral resources, Egypt - Credit: Egypt's Ministry of Petroleum and Mineral Resources

Egypt on Thursday announced the launch of a bid round for the exploration and production of oil and natural gas in 24 blocks.

The blocks are located in the Gulf of Suez, the Western Desert, and the Eastern and Western Mediterranean, the petroleum ministry said in a statement.

 (Reporting by Ehab Farouk Writing by Nafisa Eltahir Editing by Aidan Lewis)

Egypt Launches Oil and Gas Bid Round for 24 blocks Egypt Launches Oil and Gas Bid Round for 24 blocks Reviewed by Crude Oil Facilitators on 09:49 Rating: 5

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