UPDATE 1-Egypt announces oil and gas bid round for 24 blocks, says ministry Reuters 2/18/2021
CAIRO, Feb 18 (Reuters) - 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 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 1 Augu
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