Tuesday 6 November 2012

Egypt's EGAS pushes back bidding deadline to February | Reuters

Egypt's state-owned Egyptian Natural Gas Holding Company (EGAS) has postponed by three months the closing date for international companies to present bids for 15 oil and gas concessions due to weak interest in the tender.

EGAS has pushed back the deadline for bidding to February 13 from November 14, an EGAS official told Reuters after a posting on the company's website showed the change of dates. EGAS announced the bidding in June for the exploration blocks in the Mediterranean and Nile Delta basins, all but two of which are offshore.

Oil Minister Osama Kamal said Monday on a late night talk show that the extension of the deadline was due to poor interest from international companies.

No comments:

Post a Comment