State-owned Egyptian General Petroleum Corporation (EGPC) plans to launch bid rounds for 15 oil and gas exploration blocks this month, a company official said on Wednesday.
“The bids will be for sites in the Gulf of Suez and the eastern and western deserts,” Adel Saeed, EGPC’s deputy CEO for agreements, told Reuters on the sidelines of an investment conference.
The conference aims to restore investor confidence in Egypt’s economy, damaged by nearly three years of political turmoil.
