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Policy & Regulation

Egyptian tenders a sore spot for service providers

Service companies are complaining that Egypt’s tender system is not responding to the financial pressures they are facing Service companies are complaining that Egypt’s tender system is not responding to the financial pressures they are facing.
By Rachel Williamson 10 November 2016 Middle East & Africa / Policy & Regulation 0 22748
Egypt’s Disouq concession. Service companies are suffering from thin margins. (Dea)

Cairo’s lack of flexibility around tenders for oil and gas service contracts is causing some frustration in the sector, with providers arguing the system has not responded to financial pressure points over the last year. 

Egypt has three kinds of tender, all of which are overseen by the Egyptian General Petroleum Corp. (EGPC) and Egyptian Natural Gas Holding Co. (EGAS).

A public tender is open to all foreign and local suppliers; a limited tender is restricted to companies that meet a particular criteria – such as being...