Egypt launches international bid round for oil, gas exploration in 14 areas

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Egypt has launched its 2026 international bid round for crude oil and natural gas exploration, offering 14 new areas to companies worldwide and domestically. The move seeks to attract investment, enhance domestic fuel production, and meet government targets for production growth over five years.

Petroleum and Mineral Resources Minister Karim Badawi has announced the launch of the 2026 international bid round for crude oil and natural gas exploration, offering 14 new exploration areas to international and Egyptian companies in a move aimed at attracting more investment, boosting domestic production and supporting the targets of the government’s five-year production growth […] The post Egypt launches international bid round for oil, gas exploration in 14 areas first appeared on Dailynewsegypt.