Middle East Economic Survey


No 43


Egypt 2005 Upstream Bid Round Focuses On Western Desert, Gulf of Suez

The Egyptian General Petroleum Corporation (EGPC) has invited international oil companies (IOCs) to participate in the International 2005 Bid Round-1 to explore for oil and gas under the terms of a production-sharing agreement (PSA). The bid round invites tenders for 13 exploration blocks in the Gulf of Suez, Eastern Desert and Western Desert (MEES, 3 October see map...