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ENERGY-
The Oil Ministry has received two bids for seven exploration blocks in the Mediterranean, an unnamed official told Al Arabiya. The reported offers follow unconfirmed media reports earlier this month that international oil giants Chevron, Shell, and Eni had submitted offers for exploration blocks in the Mediterranean.
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ICYMI- Egyptian Natural Gas Holding Company launched bids for 12 new oil and gasexploration blocks in the Mediterranean and Nile Delta in August last year, offering 10 offshore and two onshore areas. Technical and financial offers will be evaluated and the blocks will be awarded during the first quarter of the fiscal year 2025-26.
EXPANSION-
State-owned Egyptian Drilling Company is looking to enter India, the UAE, Qatar, Oman, Turkey, Algeria, West Africa, Brazil, and Thailand, Chairman Osama Kamel told Al Arabiya. The company also plans to expand its footprint in Saudi Arabia and Kuwait, where it already operates.
