Egypt to Launch Int'l Tender to Explore for Gas, Oil in Mediterranean, Nile Delta

27 December 2022
Egypt State Information Service (Cairo)

Petroleum Minister Tareq el Molla said on Tuesday 27/12/2022 that Egypt plans to hold a fresh international tender for natural gas and crude oil exploration in 12 new blocks in the Mediterranean and Nile Delta regions.

The international tender is set to be launched by the Egyptian Natural Gas Holding Company (EGAS) with the aim to attract new foreign companies to operate in Egypt, Molla said.

This is part of a strategy meant to intensify exploration activities in the Mediterranean in a bid to increase production of natural gas, which is an important component of the global energy mix, the minister noted.

This is the third tender to be put forward through Egypt's digital portal for exploration and production that was launched early 2021, Molla further said.

The portal allows a quick access to basic information about tenders, concessions and technicalities, the minister added.

Read the original article on Egypt Online.

Tagged:
Copyright © 2022 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.