Oil Ministry expects Egypt’s crude oil production at 670-680k in FY2018-19

The Oil Ministryexpects Egypt’s production of crude oil to record 670-680k bbl/d in FY2018-2019, up from 660k bbl/d in FY2017-2018, a ministry official tells Youm7. The ministry expects local production to ramp up as a number of fields go online within the next few months. The ministry had previously said it is aiming to have 88% of daily demand covered by local production by 2021.