Red Sea Bid round

  • El Molla Initials Contracts with Winners of Red Sea Bid Round

    El Molla Initials Contracts with Winners of Red Sea Bid Round

    Sunday, 31st May 2020

    Minister of Petroleum and Mineral Resources Tarek El Molla announce the initial signing with the winning companies of the Red Sea bid round. Currently, legislative measures are being taken to submit a proposal to the Cabinet. El Molla added that the bid round’s results will push forward the ministry's plans to attract foreign investments into the petroleum sector especially in unexplored areas.