Cairo – Mubasher: Canada’s Transglobe Energy Corporation plans to develop new oil fields Egypt’s Eastern Desert, along with an oil field in the Western Desert.
The firm has five production sharing contracts in Egypt with a total production of 13,300 barrels per day, Transglobe’s CEO Ross Clarkson said.
Clarkson added in an interview on Proactive Investors Stocktube channel that Transglobe’s issues regarding receivables were solved almost two years ago, according to Enterprise Press.
