Cairo says will explore oil, gas sites near maritime border with Israel in effort to ‘stake its hold on the area’
A source at the Egyptian Ministry of Petroleum and Mineral Resources said Wednesday that Egypt plans to auction exploration sites for oil and gas near its maritime border with Israel.

Fisherman protesting over Gaza sea blockade - Photo: AFP
The source noted that this will be the first time Egypt has auctioned exploration sites in the area.
The source further said that the oil and gas exploration will be held in accordance with the maritime borders set by the Egyptian government which are based on the international Maritime Law adopted by the UN in 1983. Continue Reading »










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