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الشرق اللبنانية
Egypt surpasses 540,000 bpd in oil output
The Egyptian Ministry of Petroleum announced that crude oil production increased to over 540,000 barrels per day in June, supported by efforts from the General Petroleum Corporation and its companies to improve the economics of exploration and development activities, especially in high-risk areas such as the Red Sea and the Eastern Mediterranean. It also confirmed that ongoing projects, including the gasoline complex operated by Cairo Petroleum Refining Company, will add approximately 2,000 tons of gasoline per day in August, contributing to a reduction in the import bill by nearly $70 million each month.
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