Kuwait Energy Company said it struck two new oil discoveries in Egypt's Western Desert, bringing the total to 11, according to Reuters.
The news came on a day when Saudi Arabia said it would increase its daily oil production by 300,000 barrels in order to keep world prices moderate.
The oil discoveries were made in Shebl-1 and Shebl East-1 wells in East Ras Qattara, the privately owned company said on Tuesday, with initial tests showing a combined production capacity of 2,100 barrels per day (bpd).
