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Africa Oil & Gas: Shell, Eni, Exxon win blocks in Egypt
Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.
BP (NYSE: BP) and Eni (NYSE: E) also won some concessions. Egypt is emerging as a key natural gas hub in the Eastern Mediterranean.