Despite its economic problems, Egypt continues to be a major energy player, with the country launching a round of bids for oil and gas exploration rights in the Nile Delta and the Mediterranean Sea.
that the tender is being offered by Egyptian Natural Gas Holding Co. and is part of the ministry’s strategy to boost investment in oil and gas in Egypt. The strategy, established in 2016, aims to increase international interest and investment in the country’s energy industry. The tender will, once again, be managed online through the Egypt Upstream Gateway, making it easy for potential investors to access information about the blocks.
While Egypt’s energy industry has been gradually expanding in recent years, attracting greater foreign interest in oil and gas, the country has faced a vast array of economic difficulties. Recent reports suggest that Egypt’s
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