57% of Egypt's crude oil production comes from Western Desert: Min.

CAIRO - 15 August 2018: Petroleum Minister Tarek el Molla said that the total oil production from the Western Desert area currently constitutes 57 percent of Egypt's crude oil production.

In a statement following a General Assembly meeting of Khalda Petroleum Company (KPC), Molla said his ministry is implementing an overall program to beef up oil and gas production from the Western Desert.

Speaking at the meeting about his company's achievements during the fiscal year of 2017/2018, KPC Chairman Khalid Mowafi said that his company, in cooperation with the US oil company Apache Corporation, drilled 59 wells (56 actively producing oil and gas wells and three water injection wells).

In July, the Petroleum Ministry announced that a new agreement to drill seven oil wells in the East Bahariya concession in the Western Desert was signed, with 9-million-dollar investments and a signature grant worth 30 million dollars.

The agreement was signed by CEO of the Egyptian General Petroleum Corporation (EGPC) Abed Ezz el Regal and Apache Egypt Regional Vice President and General Manager David Chi.