14 New oil and gas exploration areas opened to investment in Egypt
Petroleum Minister Karim Badawi unveils new lic...
Thursday, 20 August 2026
Monday, 15 January 2024
The new gold auction will be launched during the second half (H2) of 2024, El-Molla added on the sidelines of the International Mining Conference in Riyadh.
The minister also revealed that the international oil and natural gas tenders would be of onshore and offshore fields in the Gulf of Suez and the Eastern and Western Desert.
Egypt’s average production of natural gas hit 5.8 billion cubic feet per day in 2023, El-Molla pointed out.
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