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المصري اليوم
Egypt to hold global oil and gas bid
The Egyptian Minister of Petroleum announced the launch of a major international bidding round in 2026 to explore oil and gas in 14 new areas. These include offshore and onshore regions within Egypt, aimed at attracting investments to boost local production and support the country's five-year development plan. The bid will cover areas managed by the Egyptian Natural Gas Holding Company and the Ministry of Petroleum, with proposal submission deadlines between November and December 2026. The process will follow a production-sharing system and will be conducted with high transparency. The targeted regions encompass a variety of geological objectives near existing infrastructure, reducing costs and expediting the connection of new discoveries to production. Additionally, technical data will be provided to investors to enhance the attractiveness and investment opportunities within Egypt’s oil and gas sector.
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