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البلاد
Egypt begins international bid for oil and gas in 14 areas
The article discusses Egypt's announcement to launch a global bidding round for oil and gas exploration in 14 new areas, aimed at attracting both international and local investments and increasing production rates to support its five-year plan. The bid includes 8 areas in the Mediterranean Sea, the Nile Delta, and North Sinai, as well as 6 areas in the Gulf of Suez, Sinai, and the Western Desert. The goal is to achieve new discoveries and reduce development costs through existing infrastructure. The submission deadline is set for November 11 and December 14, 2026. The areas will be offered through an production-sharing system via the Egypt Exploration and Production Portal, with technical data made available to investors. Egypt seeks to attract global oil companies and enhance sector investments to boost the country's output of oil and gas resources.
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