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Oil & Gas

Egypt preparing to launch new oil & gas bid round in West Mediterranean

West Med
Posted: April 30, 2018 at 5:55 pm   /   by   /   comments (0)

Egypt is gearing up to launch a round of tenders for oil and gas exploration in waters west of the Nile Delta and through to the border with Libya, Oil Minister Tarek El Molla said at an AmCham event yesterday, Ahram Gate reports. The minister did not get into specifics on the timeline or size of the tenders. El Molla, however, reiterated what he said earlier this month that the ministry would issue tenders for 10-11 oil and gas exploration blocks, as well as other drilling tenders in the Red Sea by the end of 2018.

(Source: Enterprise.press)

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