Arab Finance: Three oil companies are competing: Dragon Oil, Emirati, Adis Holding, and Egyptian Carion to win the area of the northern July field, northeast of the Gulf of Suez, according to the East economy.
Where the field is located near the production facilities of the Bay oil company, Suez (Gabco),
The Ministry of Petroleum has recently closed its latest auction for exploration and search for oil and natural gas in the Mediterranean Sea, the Gulf of Suez and Western Sahara through the Egypt Digital Gate for Exploration and Production, and the bidding included areas that follow EGAS (Rahma), the Egyptian General Petroleum Authority (northern July), and the South Valley Holding Petroleum Company (north of Al Baraka, East Jabal Al -Zait, southeast of Ras Al Ash), and it is expected that it is expected that The Ministry announces the results of the bidding in August, according to To explain Issued by the Ministry.
The Egypt Gate for Exploration and Production (EUG) is still providing a number of investment opportunities in all geological ponds, in order to support the Ministry's plans to attract new investments and increase production.
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