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EGPC Bids Committee Approves Award of Second Oil Concession to PrivateEgyptian Company

For the second time in less than a month, the bids committee of the EgyptianGeneral Petroleum Corporation (EGPC) has approved the award of an oil and gasexploration and production permit to a private Egyptian company. The permit -awarded to a company called Forum - covers an area of 112 sq. kms. southwest ofZeit Bay on the Gulf of Suez. The award - like the first one...