Middle East Economic Survey
Egypt Plans To Offer Some 18 Licenses In 2011 Bid Rounds
Egypt is expected to offer licenses for exploration and development in around 18 concessions during 2011, according to recent remarks made by Minister of Petroleum and Mineral Resources Sameh Fahmy to the Egyptian media. Mr Fahmy said the licenses could attract up to $2.5bn in new investment in the countrys energy sector. The countrys proven reserves of oil...