Egypt Extends Gas Bidding; TransGlobe Awarded Oil Blocks
Canadian independent TransGlobe was the biggest winner from Egyptian state firm EGPC's 2011-12 bid round. But the deadline for more recent gas-focused bidding has been put back three months amid scant interest.
The round organised by state gas firm EGAS has been postponed by three months from 14 November to 13 February. This adds to mounting evidence that Egypt’s investment climate has...