Egypt discovers 3 new oil and gas outlets in Western Desert

Egypt's Ministry of Petroleum and Mineral Resources on Saturday announced three new oil and gas discoveries in the country's Western Desert, according to Xinhua, quoting a ministry statement. The discoveries made by Khalda Petroleum Company, a joint venture between the Egyptian General Petroleum Corporation and U.S. Apache Corporation, are expected to produce nearly 12 million barrels of oil equivalent and 4 million barrels of recoverable reserves.