A new oil discovery in the Western Desert of Egypt could unlock a new area for productivity gains in the country, Italian energy company Eni said Monday. Eni said it made its second oil discovery in the B1-X exploration area in the Western Desert. It’s located about 4 miles away from an earlier discovery dubbed A2-X and was already producing about 5,100 barrels of oil per day. The company said the discovery established the region as one with a high production potential. “Eni plans, in the near term, the drilling of other exploratory prospects located nearby the A2-X and B-1X discoveries to consolidate what can result as a new product area for Eni in Egypt,” the company’s statement read. Known more for offshore gas […]