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New Discoveries Fuel Egypt's Push for Energy Independence

OilPrice · Charles Kennedy · last updated
Companies operating in Egypt continue to make oil and gas discoveries and drill new wells at the start of the year, further boosting hydrocarbon production as the North African country looks to reduce import dependence.  Several companies have drilled successful wells in the Western Desert, Eastern Desert, and the Nile Delta, Egypt’s Ministry of Petroleum and Mineral Resources said on Friday.   The new wells are expected to add around 47 million cubic feet of natural gas and about 4,300 barrels per day (bpd) of crude oil and…