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Egypt launches Red Sea oil and gas bidding round covering four blocks

ReutersNov 4, 2025 9:03 AM

- Egypt issued an international bidding round for oil and gas exploration in four Red Sea areas, RS-Block 1, RS-Block 2, RS-Block 3, and RS-Block 4, the petroleum ministry said on Tuesday.

The ministry added that the bidding will close on May 3, 2026.

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