Egypt Invites Bids for 16 Oil Tracts
Egypt has invited bids for 16 oil tracts with a total area of 186,758 sq.kms. (for names of the tracts and their areas, see maps below) in a major effortto boost exploration and to counter the anticipated fall in future oilproduction. This follows a bidding round for 13 tracts in the Western Desert andGulf of Suez which closed last July (MEES, 20 January, 16 March, 31 August and 7September). The new bid invitations, for...