Oman has invited investors to bid to explore for oil and gas in three concession areas, the energy ministry said on Tuesday, as it seeks help to monetise its energy assets.

The move comes amid ongoing challenges for the East African Crude Oil Pipeline (Eacop), which has seen more than $500m (Shs1.8 trillion) injected by shareholders following delays in debt financing.

The energy ministry announced on Tuesday that Oman had invited investors to bid for exploration of oil and gas within three concessions areas.

MUSCAT: Oman’s Ministry of Energy and Minerals has opened a competitive bidding round for oil and gas exploration in three key concession areas: Block 43A, Block 66, and Block 36. The blocks, located ...