Egypt’s state-owned Ganoub El-Wadi Petroleum Holding Company (Ganope) issued a new international tender for oil and gas drilling and exploration in 10 sectors in the southern areas of the Western Desert and Gulf of Suez.
Egyptian oil minister Tarek El-Molla stated Sunday that the bid includes five areas notably in West Gabal El Zeit, South East Ghara area, and South Sinai, in addition to another five areas in Egyptian Western Desert.
The minister added that this is the second bid that oil sector issue during 2016 to attract new global investments to Egypt for oil and gas drilling and explorations.
He noted that issuing bids and signing new contracts with global firms is the major factor in achieving Egypt’s strategy that aims at securing energy supplies sustainably to enhance economic and social development plans.
