Egypt announces oil discovery in Eastern Desert; Petronvertity reports positive Lorcan-6 results

[Attaqa] Egypt announced an oil discovery in the Eastern Desert, a step that could support efforts to boost the country's hydrocarbon reserves, raise output and cut its import bill, according to Attaqa. Petronvertity achieved positive results at the Lorcan-6 exploration well in the North Bayt al-Zayt area of Jabal al-Zayt in the Eastern Desert, according to a statement seen by Attaqa, after recording test production rates. The statement did not disclose the specific output figures.