Bloomberg News

Egypt Opens 20 Oil and Gas Concessions to Bids This Month

December 27, 2012

Ganoub El Wadi Petroleum Holding Co., an Egyptian state-owned energy company, is offering 20 concessions for oil and gas exploration to international investors from Dec. 30.

The deadline for bids is May 30, the company said in an announcement in the government-owned Al Ahram newspaper. The blocks are located in the Gulf of Suez, the Eastern and Western Deserts and the Red Sea, it said.

To contact the reporters on this story: Tarek El-Tablawy in Cairo at teltablawy@bloomberg.net; Ola Galal in Cairo at ogalal@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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