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).
An international consortium led by Energean Egypt (50% operator and Croatia’s INA Nafta 50%) was awarded an exploration license for the East Bir El-Nus concession (Block-8), in the Western Desert of Egypt.
ExxonMobil Egypt, one of the leading companies in the Egyptian energy market, held a special ceremony to honor all its volunteer employees in 3 different community initiatives during 2021, in light of the company's strategy to achieve sustainable development by developing the capabilities of young people in various fields.
Alexandria Petroleum Maintenance Company (Petromaint)'s Chairman, Ahmed Fouad, signed a memorandum of understanding (MoU, with the Portuguese company Etermar.
Minister of Petroleum and Mineral Resources, Tarek El Molla, approved the results of the final evaluation phase for the second batch of the Middle Management Program.
Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 81.25 | +0.04% |
| Crude Oil (Brent) Brent | USD/bbl | 83.62 | -0.12% |
| NYMEX Natural Gas | USD/MMBtu | 4.22 | -0.66% |
| OPEC Basket Price | USD/bbl | 81.75 | -0.47% |
Last Modified January 18, 2022
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