Egypt Launches Gas, Oil Exploration Bidding Round

September 26, 2023


Egypt’s petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for February 25.

The round includes 10 areas in Egypt’s Western Desert, two in the Eastern Desert, seven in the Gulf of Suez and four in the Red Sea, the ministry said.

Egypt, the most populous Arab country, has sought to position itself as a regional energy hub.