Egypt and Saudi oil ministers Tarek El Molla and Khalid al-Falih met on the sidelines of the World Economic Forum in Jordan this week to discuss boosting bilateral oil and gas cooperation. Topics discussed included operations in the Red Sea, where Egypt launched a bid round last month for 10 offshore blocks (MEES, 15 March). Saudi Arabia also announced last month that it would step up exploration in the Red Sea, with Mr Falih stating the region contains “large quantities” of gas...