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Naftogaz cancels Egyptian upstream investment banking tender
Journal Staff Report

KIEV, June 20 – Naftogaz Ukrayiny has annulled the second tender to provide investment banking services related to Naftogaz upstream assets in Egypt and search for potential buyers, as less than two bids were submitted.

According to a report in the ProZorro e-procurement system, only E&Y LLC took part in the tender, while at the first tender France's Lazard Frères showed its interest.

The expected cost of the deal is around $1.5 million. The services were to be delivered before December 31, 2018.




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