Dubai state oil firm ENOC’s wholly owned subsidiary Dragon Oil is looking to expand its Egypt operations, and will make an announcement soon, CEO Ali al-Jarwan told Oil & Gas Middle East magazine in an interview this week.

The deal will add 70,000 b/d of oil to the company’s mainly Turkmenistan focused portfolio and Mr Jarwan says that Dragon has $500mn to spend in 2019 on acquisitions. Although he did not give a name it is more than likely that Dragon is in discussions with...