Egypt to launch 2 oil, natural gas exploration tenders by end-2023

Getty Images

One of these tenders will be launched for exploration in 8 blocks affiliated with the Egyptian General Petroleum Corporation (EGPC)

Staff Writer, Arab Finance

June 15, 2023

PHOTO

Arab Finance: Egypt is planning to offer two tenders for oil and gas exploration in at least 16 blocks south of the country and across the Mediterranean by the end of 2023, two government sources told Asharq Business on June 14th.

One of these tenders will be launched for exploration in 8 blocks affiliated with the Egyptian General Petroleum Corporation (EGPC), while the second one will be for oil and gas exploration in at least 8 blocks affiliated with the South Valley Egyptian Petroleum Holding Company (Ganope), one source noted.

It will be the first time for Ganope’s blocks to be offered for bidding since 2019, the other source said.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.