Egypt Adds 240,000 b/d of Crude Oil in 2018

Egypt Adds 240,000 b/d of Crude Oil in 2018

The Egyptian oil and gas sector has been able to add 240,000 barrels per day (b/d) in 2018, a source at the Ministry of Petroleum told Amwal Al Ghad.

Around 100,000 b/d of crude oil were added to production through production enhancement activities, and 27,000 b/d were added through newly discovered oil fields that started production in 2018, the sources noted.

Egypt added 113,000 b/d of crude oil to production due to development wells, of which the oil and gas sector plans to double production capacities.

Egypt currently produces around 660,000 b/d of crude oil and condensates, which are pumped into local refineries to extract petroleum products to cover local market’s demands.

Via:: EGYPT OIL & GAS

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