Egypt announced the start of a bid round for oil and gas exploration in 24 blocks, according to Reuters.
The bid round will include nine blocks in the Mediterranean Sea, 12 in the Western Desert, and three in the Gulf of Suez, and will end on August, 1.
It should be mentioned that, the tenders were being offered by the Egyptian General Petroleum Corporation (EGPC) and Egyptian Natural Gas (EGAS).
Minister of Petroleum and Mineral Resources, Tarek El Molla, showcased the accomplishments of Egypt’s petroleum sector over the past seven years in a symposium of the Egyptian Petroleum Association Under the title "The Petroleum Sector as a Main Engine for Economic Growth”.
The first phase of the expansions includes the new butane treatment unit and the new power plant and water treatment plant to serve the expansion project that is currently accelerating its operational work.
Alexandria Petroleum Maintenance Company (Petromaint) signed a bilateral cooperation agreement with Oil and Gas Skills (OGS) for sharing expertise.
The acquired contract aims to provide 107 employees of Basra Oil Company with specialized technical and administrative training courses for ExxonMobil in Iraq.
Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 81.22 | +0.97% |
| Crude Oil (Brent) Brent | USD/bbl | 0.97 | +1.00% |
| NYMEX Natural Gas | USD/MMBtu | 5.70 | +2.04% |
| OPEC Basket Price | USD/bbl | 82.37 | -0.19% |
Last Modified October 14, 2021
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