Middle East Economic Survey

VOL. LI

No 39

29-Sept-2008

EGYPT

EGAS Launches New Bid Round As Ministry Finalizes Gas Price Amendments

Egypt has launched a new exploration bid round for acreage in the gas-rich Mediterranean, as part of the countrys ongoing efforts to attract foreign investment and hike its gas output, to meet ever-rising demand and boost exports. The bid round offers seven offshore exploration licenses, some of which lie adjacent to Egypts largest producing gas fields in the Nile...