In a statement made to Egypt Oil & Gas, a source at the Petroleum Ministry revealed that new incentives were being enacted for the coming period to attract foreign investors.
Minister of Petroleum and Mineral Resources Tarek El Molla affirmed that there were priorities laid out by the petroleum sector, such as onshore and offshore exploration, especially in the deep layers in the Nile Del ...
Chairman of Ganoub El Wadi Petroleum Holding Company (GANOPE), Abou Bakr Ibrahim, announced that the company will issue a new bid round by January 2016, at the latest.
According to sources at EGAS, the company plans to announce the names of the winning bidders for the exploration bid round in the Mediterranean, by the end of this month.
After disappointing results from its last action round, the Mexican government is sprucing up the terms of its new auction for oil and gas blocks off the coast,
Prime Minister Sherif Ismail said that optimizing the usage of natural resources, boosting exploration activities, increasing local production, as well as reserves ensure maximizing the value added to the national ec ...