Egypt, Cyprus hope to sign deal to connect Aphrodite gas field: minister

Egypt aims to sign an agreement with Cyprus to connect the island’s Aphrodite natural gas field with Egypt, said Egyptian Oil Minister Tarek El Molla on Sunday.

Tarek El Molla, speaking at an American Chamber of Commerce in Egypt event in Cairo, also said the country was preparing a bid round for unexplored offshore areas west of the Nile Delta to the Libyan border.

“We intend to have a bid round in this area shortly,” Molla further added.

Egypt may also invite companies to bid for oil and gas exploration in the Red Sea before year-end, he said.

In 2016, Cyprus and Egypt signed an agreement paving the way for the supply of Cypriot gas to Egypt through pipelines.

Source: Reuters