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Business
Petroleum Ministry presents international bidding to explore gas، oil in the Red Sea
Saturday 10/March/2018 - 08:17 PM
The Ministry of Petroleum and Mineral Resources has decided to present an international bid to explore oil and natural gas under water of the Reds Sea by the end of 2018.
The ministry will provide the bidders with results of geological surveying of various sectors of the Red Sea.
Bidders will have enough time to consider those data ahead of taking part in completion to get right of franchise later.
It is worth to mention that Egn. Tariq Al Mulla، Minister of Petroleum and Mineral Resources paid a visit to the Red Sea Governorate today.
He inspected operation carried out by a number of specialized companies to collect geophysical data of the Red Sea.
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