Egypt looks to increase output of crude oil to 690k barrels per day by end of 2019

Egypt is aiming to increase its daily production of crude oil to 690k bbl by the end of 2019, up from the current average output of about 630k bbl/d, MENA reports. Oil Minister Tarek El Molla said that plans to increase oil production will focus on testing new geological structures and seeking new sources of crude oil in the Western Desert, Gulf of Suez, and Mediterranean.