Egypt Boasts Record Crude Oil Production

Egypt has recently announced its crude oil production has exceeded 65,000 barrels per day (bpd) for the first time since the late 1950s, Al-Monitor reports, quoting Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla. Egypt’s General Petroleum Company will aim to boost the development of new oil wells and infrastructure, Tarek el-Molla said at the general meeting of the company which he presided earlier this month. Most of Egypt’s crude oil production comes from the Western Desert region, 56 percent, followed by…