It was reported on March 7th that Saudi Arabia’s Minister of Energy, Industry and Mineral Resources, Falih, announced their discovery of large natural gas reserves in the Red Sea. The report did not mention more news related to the natural gas of the Red Sea.
According to the Ministry of Commerce website on April 13, 2018, the Egyptian Minister of Petroleum and Mineral Resources Tariq Mullah said that with the completion of the exploration of the Red Sea in Egypt, Egypt is collecting and researching relevant information, and it is highly probable that Oil will be discovered in the Red Sea. Tariq Mullah pointed out that considerable oil reserves have been discovered in the Red Sea region of Saudi Arabia and the Red Sea region of Sudan, which also brings hope to Egypt's exploration. Egypt will conduct a public tender for oil exploration after sorting out relevant information.
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