ANGOLA      ALGERIA      CAMEROON      CHAD.      CONGO      EGYPT..      EQUATORIAL GUINEA      GABON      LIBYA.     NIGERIA      SOUTH AFRICA      SUDAN      TUNISIA      OTHERS 

Egypt to Launch Oil and Gas Bidding Round

03-25-2008

Egypt has announced a plan to sell oil and gas exploration rights in the south of the country.

A leading natural gas producer, Cairo hopes to sell twelve new contracts to continue building on its already large gas capacity.

The companies will be able to buy information about the areas up for sale.

They include blocks in the red Sea, Gulf of Suez and the North African nation's eastern and western deserts.