Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

EGYPT

EGAS Will Tender Nine Blocks In January

The Egyptian Natural Gas Holding Company (EGAS) plans to hold a bidding round in January 2006 in which nine blocks will be offered to local and international oil companies. EGAS has yet to announce which blocks will be included in the tender, but some offered during the 2004 bidding round were not awarded, while others have not been tendered before. Egypt has proven gas reserves of 67tcf...