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Monday, February 23, 2026 23:46 GMT
Oil producer Capricorn Energy said on Monday it expects higher production in 2026 compared with last year, supported by the expansion of its Egypt operations. In May, the Scottish company and Egyptian General Petroleum Corporation (EGPC) agreed to merge eight concessions in Egypt into a single deal under a joint venture with Cheiron Oil and Gas. Capricorn expects 2026 production in the range of 18,000-22,000 barrels of oil equivalent per day (boepd), boosted by the agreement with...More