(3 Minutes Read)
The Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corporation (EGPC) are currently evaluating the offers submitted for these zones. The results of this assessment are expected to be announced within the next two months, while the General Petroleum Company (GPC) is set to release its evaluation results within a month.
Egypt’s Ministry of Petroleum and Mineral Resources is working to attract US$700 million in investments through 13 exploration and production zones across various geological basins. This initiative aligns with the ministry’s broader strategy to expand exploration activities and increase oil and gas production, strengthening Egypt’s position as a key player in the energy sector.
In August 2024, the ministry launched 61 investment opportunities through the Egypt Upstream Gateway (EUG), a digital platform designed to facilitate oil and gas exploration deals.
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The Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Corporation (EGPC) are currently evaluating the offers submitted for these zones. The results of this assessment are expected to be announced within the next two months, while the General Petroleum Company (GPC) is set to release its evaluation results within a month.
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