Saturday, 23 March 2019 02:37 GMT
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Egypt issues gas, oil exploration bids



(MENAFN) South Valley Egyptian Petroleum Holding Co was announced to have issued bids for ten oil and gas exploration blocks.

In order to win the bids for the exploration blocks in the Red Sea, applicants have the chance to make their offers until August 1st this year.

Egyptian Ministry of Petroleum made the declaration for the bids in local newspapers released on Sunday.

Firms have the authority to study technical data and purchase information packages on presenting offers for the blocks, effective March 10th.

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Egypt issues gas, oil exploration bids

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