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Egypt Awards Oil and Gas Exploration Blocks to Eni, BP, QatarEnergy, and Zarubezhneft

Simon Osuji by Simon Osuji
September 26, 2023
in Business
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Egypt Awards Oil and Gas Exploration Blocks to Eni, BP, QatarEnergy, and Zarubezhneft
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Reuters

September 26, 2023

Credit: yanamavlyutova/AdobeStock


Credit: yanamavlyutova/AdobeStock

Egypt awarded on Tuesday four blocks in an oil and gas exploration bid round for concessions in the Mediterranean and Nile Delta to Italy’s Eni, BP, QatarEnergy, and Russia’s Zarubezhneft, the petroleum ministry said.

 Eni would take two blocks by itself and a third in a partnership with BP and QatarEnergy, while Zarubezhneft was also awarded a block. 

(Reuters – Reporting by Sarah El Safty; Writing by Nayera Abdallahl / Editing by Nadine Awadalla)

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