First tender for 10 exploration blocks in the Red Sea to be launched in two weeks

The Oil Ministry will issue the first tender for 10 exploration blocks in the Red Sea within two weeks, once it has completed its seismic mapping of the area, Minister Tarek El Molla announced, according to Al Masry Al Youm. Tendering concessions there to the private sector is one of the ministry’s key agenda platforms to expanding investments in the sector.