Africa Oil & Gas: Egypt to launch second international bid rounds for oil and gas exploration in 2018

Egypt Petroleum Minister Tarek el-Molla
Petroleum Minister Tarek el-Molla during his participation in Rome MED 2017 forum – Press photo

Egypt will launch two international bid rounds for oil and gas exploration in 2018, the Petroleum Ministry said in a statement on Monday.

One bid round will cover 16 sectors under the state-buyer EGAS, while the other will cover 11 sectors under the Egyptian General Petroleum Corp (EGPC), the statement said.

The EGAS bid round is set to be the largest since its founding in 2001.Source: Reuters

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