April 17, 2018 / 11:42 AM / 2 years ago

Egypt to auction 10 or 11 oil and gas concessions in Mediterranean-minister

CAIRO, April 17 (Reuters) - Egypt will auction 10 or 11 oil and gas exploration blocks in the Mediterranean, petroleum minister Tarek El Molla said on Tuesday.

Egypt also aims to auction oil and gas drilling in the Red Sea by the end of 2018, Molla told a news conference.

Egypt plans to speed up production from recently discovered fields, with an eye to halting imports by 2019 and achieving self-sufficiency.

Reporting by Ahmed Ismail Writing by Amina Ismail; Editing by Adrian Croft

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