The Egyptian General Petroleum Corporation (EGPC) has approved the concessions it awarded during its latest bid round just under a year ago, and hopes to launch a new round within months.
The final assignment of the 11 awarded blocks is an indication that the recent political upheaval in the country is not causing further delays in the oil sector.
The bid round, launched in 2011, was a show of confidence in Egypt’s energy sector that surprised some...
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