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, stated that Egypt has begun actual steps to enter the hydrogen industry and produce it as a clean source of fuel, highlighting that the ministry is developing the strategy for green hydrogen in Egypt and communicating with countries and international companies to explore opportunities for cooperation in this field, a press release stated.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Chairman of the Board of National Oil Corporation (NOC), Mustafa Sanalla, held a meeting with a delegation from the Norwegian Company Equinor A.S.A. headed by Alessandri Cook, Vice President of the company, Paul McCafferty, Head of Exploration and Production, and Lindsay Gunaway, Head of Production to boost cooperation with major international oil companies (IOCs) to develop the oil industry in Libya, according to NOC's press release.
A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Loading ...| Commodity CMDTY | Units | Price | Change |
| Crude Oil (WTI) WTI | USD/bbl | 69.91 | -0.07% |
| Crude Oil (Brent) Brent | USD/bbl | 72.24 | +0.03% |
| NYMEX Natural Gas | USD/MMBtu | 3.16 | +0.89% |
| OPEC Basket Price | USD/bbl | 69.81 | -0.57% |
Last Modified June 13, 2021
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