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بوابة أخبار اليوم
Egypt initiates global bid for oil and gas exploration
The Egyptian Ministry of Petroleum has announced the launch of the 2026 global tender for crude oil and natural gas exploration. The tender includes 14 new areas in the Mediterranean Sea, the Nile Delta, North Sinai, the Gulf of Suez, Sinai, and the Western Desert. These areas will be offered digitally through the Egypt Exploration and Production Portal under a production sharing system, with technical data available to investors. The initiative aims to attract both international and local investments and to reduce development costs by leveraging the proximity of these areas to existing infrastructure. Submissions will close in 2026: on December 11 for the area managed by the Egyptian Holdings Company for Gas, and on November 11 for the area managed by the Egyptian General Petroleum Corporation. The goal is to boost production and support the national growth plan.
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