Minister: Egypt seeks daily oil production of 700,000 in 2019-2020

Petroleum Minister Tarek El Molla said the Petroleum Ministry targets increasing the daily crude oil to reach 700,000 in the current fiscal year 2019-2020.

During a meeting with heads of some petroleum companies on Friday 11/10/2019 at Badr-3 oilfield in the Western Desert, Molla affirmed the importance of boosting the current oil production capacity and implementing the proposed programs and plans to be positively reflected on Egypt’s economy.

The Minister directed the companies’ heads to follow up the implementation rates, carry out plans and projects and overcome all challenges, according to a statement released by the ministry.

He stressed the necessity of biding by the rules of the occupational safety and health and environmental protection.

Source: State Information Service Egypt