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Egypt extends the deadline of oil blocks bidding

by ChemOrbis Editorial Team -
  • 10/03/2015 (14:49)
According to local media reports, Egypt has extended the deadline on bidding for ten oil exploration concessions for two months, from March 31 to May 31, in order to be able to tackle one of the worst energy crisis faced in the country in decades.

Egypt wants to attract more international firms to explore for oil and gas in the country to ease the country’s energy crisis.

Ganope, which is one of the five state-owned oil firms under the oil ministry and is responsible for the south of the Nile Valley, reported that these 10 oil blocks are West Gebel el-Zeit, Southeast Ras el-Ush, Northeast Geisum, North Magawish, Northwest Shadwan, Northwest Sea Bird, North al-Baraka, South al-Baraka, Southeast Qena and Kharit.
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