On the last day of 2014 Ganoub El-Wadi Petroleum Holding Company (Ganope), launched a bid round for 10 blocks in the heavily-explored southern Gulf of Suez region and onshore on the east and west banks of the Nile.

Ganope, the arm of state oil firm Egyptian General Petroleum Corporation (EGPC), coordinating exploration in Upper Egypt, has invited firms to bid for production sharing agreements (PSA) by the end of March. (CONTINUED - 501 WORDS)