Egypt Finalizes Bidding Award
James Cockayne reporting from Vienna
Shell and Canada’s TransGlobe are the big winners from Egypt’s first post-revolution bid round, winning three and four blocks respectively. But the country’s creaking bureaucracy means final assignment may take another year.
Eleven blocks were awarded out of 15 on offer from the Egyptian General Petroleum Company (EGPC). Shell bagged all three of the blocks for...
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