London-listed Egypt oil producer TransGlobe Energy is eying higher output for 2022 having boosted capital spending on the back of improved concession terms.

Output from the firm’s Egypt concessions rose to 11,308 b/d for July. Both this and the 10,611 b/d figure for the firm’s core acreage on the west bank of the Gulf of Suez are the highest figures since 2Q 2020. (CONTINUED - 291 WORDS)