Egypt will launch a new international auction for eight oil and gas exploration blocks in Mediterranean Sea, oil ministry said in a statement on Sunday.
The new auction will be through the state-owned Egyptian Natural Gas Holding Company (EGAS).
The eight blocks up for the auction, with total area of 11849 square metres, are West Al Arish Marine, East Port Said, North Rumana Marine, North Ras al-Ash Marine, West al-Timsah Marine, South Taneen Marine, North Al Hammad Marine, and East Alexandria Marine.
From his part, Egypt’s Oil Minister Sherif Ismail said the international auctions contribute to ensuring local consumption growing needs for petroleum products and natural gas.
FRENCH VERSION
La nouvelle vente aux enchères aura lieu à travers la sociétéHolding de gaz naturel égyptien publiques (EGAS).
Les huit blocs pour la vente aux enchères, avec une superficietotale de 11849 mètres carrés, sont West Al Arish Marine, EastPort–Saïd, North Rumana Marine, Nord Ras al-Ash Marine,Marine al-Timsah Ouest, Sud Taneen Marine, North Al HammadMarine et East Alexandrie Marine.
De son côté, Ismail de Sherif pour le ministre du pétrole de l’Égypte a déclaré que les enchères internationales contribuent àassurer la consommation locale croissante des besoins enproduits pétroliers et gaz naturel.
