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About 60% of Egypt's crude oil comes from Western Desert، minister

Wednesday 09/January/2019 - 08:06 PM
Sada El Balad
Hassnein Tayea
Egypt's Petroleum Minister Tareq El-Molla has said that the country's Western Desert produces about 60 percent of Egypt's crude oil.

El-Molla made the remarks in a statement on Wednesday while chairing a general assembly meeting of Agiba Petroleum Company to review its 201920 fiscal year budget plan.

The minister urged foreign companies to invest in the Western Desert as he expects more discoveries to be unearthed in this area، citing recent findings.

Agiba Petroleum Company chairman Essam Qaffas has said the company plans to produce about 46،000 barrels of crude oil and 19 million cubic feet of natural gas daily in the coming fiscal year.

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