NO. 16



EGPC Invites Bids for Acreage in Gulf of Suez and Western Desert

The Egyptian General Petroleum Corporation (EGPC) is inviting bids foroil/gas acreage in the Gulf of Suez and Western Desert. In the Gulf of Suez,the EGPC is offering the following six areas (in sq. kms.): North Darag, 1,339;North October, 181; East Shuqair, 388; al-Tur, 431; East Shadwan, 842; and AbuZenima, 180. The first three areas are located on the western side of the Gulfof Suez and the...