Egypt Announces Oil and Gas Discoveries in Western Desert

Egypt has announced discoveries at four exploration wells in the Western Desert as the North African country looks to boost oil and gas production and cut dependence on imports. The four exploration wells are expected to have a combined daily production capacity of nearly 4,500 barrels of crude oil and 2.6 million cubic feet of natural gas, the Egyptian Ministry of Petroleum and Mineral Resources said. Khalda Petroleum Company, a joint venture between Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, as well as Tharwa…