Terms Of Seven Concession Agreements Approved By EGPC Bids Committee
The Bids Committee of the Egyptian General Petroleum Corporation (EGPC) has now completed approval of the offers received on seven blocks. A total of 10 blocks were put up for tender in 1995 and offers were received on eight of them. The eighth offer for the 1,860-sq. km. Darag block, offshore in the northern tip of the Gulf of Suez, is still under consideration by the Bids...