Middle East Economic Survey

VOL. LIV

No 40

3-Oct-2011

EGYPT

Egypts Bid Round Surprises Industry

State-owned Egyptian General Petroleum Corporation (EGPC) has announced a bid round, which includes 15 exploration and production licenses in the Western Desert, the Eastern Desert, the Sinai and the Gulf of Suez. The move surprised people active in Egypts energy industry who expected the state-owned firm to wait until after parliamentary elections between November and January which will be...