The Egyptian Ministry of Petroleum and Mineral Resources intends to launch a global bid for oil and gas exploration in 24 regions in the Gulf of Suez, the Western Sahara and the eastern and western Mediterranean.
and according to Arabnet, citing a press release by the ministry, that the offering took place through the Egypt Exploration and Production Portal, which is the first digital platform that provides geological data for research, exploration and production activities in Egypt. Within the framework of the investment attraction program within the petroleum sector development and modernization project.
An official at the Ministry of Petroleum told Reuters that the ministry had launched the auction on Wednesday and that it would end on the first of next August.
He added that the more includes nine areas for research and exploration in the Mediterranean, 12 areas in the Western Sahara, and three areas in the Gulf of Suez.
In another context, the Egyptian General Authority for Mineral Resources signed, yesterday, Wednesday, 10 contracts with 4 English, Canadian and Egyptian companies to exploit 17 new sectors to search and prospect for gold in total Investments of about 11.2 million dollars.
The Egyptian Ministry of Petroleum and Mineral Resources said, in a statement, that the signature included 4 contracts with AKH Gold, a subsidiary of Egyptian businessman Naguib Sawiris, with a total investment of about $ 4.1 million for research. For gold in 9 sectors in the Eastern Desert.
as well as signing 3 contracts with the Canadian company Red Sea Resources, one of the international companies working in the field of gold exploration and exploitation in 5 sectors, with a total investment of about $ 5.5 million and two contracts for Shamal Africa Mining to search in two sectors with investments of about one million dollars, and a contract with Al-Abadi Mining and Contracting Company to search in one sector with a total investment of about 636 thousand dollars.
