Egypt

Egypt Announces Oil and Gas Bid Round for 24 Blocks

Published on : 2021-02-18

CAIRO, Feb 18 - Egypt announced on Thursday the start of a bid round for exploration and exploitation of oil and natural gas in 24 blocks.

The round, which concludes on Aug. 1, includes nine blocks in the Mediterranean Sea, 12 in the Western Desert and three in the Gulf of Suez, an oil ministry source told Reuters.

Egypt’s gas production has boomed since Italy’s Eni discovered the giant Zohr field off Egypt’s Mediterranean coast in 2015.

The tenders were being offered by the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS), a ministry statement said.

Egypt also announced the launch of a digital portal, Egypt Upstream Gateway, to provide geological data for petroleum industry exploration and production activities.

Read: MoP and Schlumberger Announce Launch of the Egypt Upstream Gateway

The country is trying to position itself as an energy hub in the eastern Mediterranean, importing gas from Israel and exporting to Jordan and potentially to Europe and Asia.

Related Articles

El Molla Announces New Appointments, Promotions in Petroleum Sector

Minister of Petroleum and Mineral Resources Tarek El Molla has selected a new head for the Ministry Central Department of Projects and appointed several new

Read More

Reuters: Egypt LNG exports expected to rise in October

Egypt liquefied natural gas (LNG) exports are expected to rise in October from the previous month, trading and industry sources told Reuters on Wednesday

Read More

ANRPC invests $12m to raise high-octane gasoline output

Alexandria National Refining and Petrochemicals Co (ANRPC) is building a project to increase high-octane gasoline production to 2 million tonnes per day at an estimated cost of $12 million.

Read More
Wintershall Deaneptune LogoSIEnppipetrojetTransGlobe SCHNEIDER-ELECTRIChempleEgypt gasNorthAlmansooriSKY CTS exxonmobilSchlumbergerhttps://www.shell.com/Gasco