Crude Production in Egypt has reached the highest level for the first time in 14 years in the amount of 700,000 barrels a day, increased the output by 55,000bpd. The new oil discoveries in the Gulf of Suez, the Western Desert, and Offshore in the Mediterranean Sea help the output be at the record level. Reserves of crude oil have reached a record 4.2 billion barrels due to the new findings of oil fields in Egypt...more...