Egypt has launched two parallel bid rounds containing 14 oil and gas blocks, as Cairo seeks to capitalize on renewed investor interest after years of declining production and underinvestment.
Gas-focused state firm EGAS is offering up eight blocks — five offshore and three onshore — while its oil-focused counterpart EGPC is offering up 6 – five Western Desert blocks and one in the Gulf of Suez (MEES, 14 August). (CONTINUED – 1338 WORDS)
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