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Egypt Opens 20 Oil and Gas Concessions to Bids This Month

Ganoub El Wadi Petroleum Holding Co., an Egyptian state-owned energy company, is offering 20 concessions for oil and gas exploration to international investors from Dec. 30.

The deadline for bids is May 30, the company said in an announcement in the government-owned Al Ahram newspaper. The blocks are located in the Gulf of Suez, the Eastern and Western Deserts and the Red Sea, it said.

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