Egypt has opened a new tender for four Red Sea blocks, applying R-Factor production-sharing terms for the first time. The six-month round, managed by South Valley Egyptian Petroleum Holding, reflects Egypt’s plan to maximise its hydrocarbon resources.
Egypt has opened a four-block offshore licensing round in the Red Sea, inviting bids until May 2026 under a new R-factor-based production-sharing model.
The Suez Canal Authority met with global shipping lines in Ismailia, urging them to resume transits as regional calm and safety improvements support vessel returns.
A fire aboard the Iberotel Crown Empress forced more than 200 tourists to evacuate on Egypt’s River Nile. No injuries were reported as investigations begin.
Scan Global Logistics has officially launched operations in Egypt to enhance MENAT regional connectivity and strengthen its logistics network.
