Egypt Independent

Egypt launches international tender for oil, natural gas exploration



Egypt's Ganoub El-Wadi Petroleum Holding Company (GANOPE) launched an international tender for oil and natural gas exploration in 10 sectors in the southern regions of the Gulf of Suez and Western Sahara, the oil ministry said in a statement on Sunday.

Company chairman Sherif Sousa told Reuters by telephone that November 30 was the deadline for bids to be presented.

The ministry statement named the sectors included in the bidding process as Western Gebel el Zeit, South-East Ghara, Eastern Jesoum, Taer El-Bahr and South Sinai, and five other sectors of the western desert.

Egypt has been seeking to boost domestic production, as increased consumption and declines in production have transformed the country from a net exporter to an importer of energy