The House Energy Committee has signed off on six bills that should ultimately see the Oil Ministry offer exploration rights to concessions in the Eastern and Western Deserts, the Sinai Peninsula, Gulf of Suez, and the Mediterranean coast west of the Nile Delta, including the Noor gas field off the coast of North Sinai, Youm7 reports.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…