Oil Ministry seeks to increase crude oil, natural gas production, reduce costs

Sun, 16 Feb 2020 - 12:41 GMT

The minister's remarks were made during chairing the general assembly meeting of Gulf of Suez Petroleum Company (GUPCO) to approve the financial budget for 2020-2021 and the amended budget of 2019-2020.

Oil, gas production 'important' in Gulf of Suez: Minister

Mon, 03 Sep 2018 - 01:46 GMT

The Gulf of Suez amounted to 71,000 crude oil a day, pointing out to a plan to increase the company's production through digging more fields.

BP’s JVs Pharaonic, GUPCO boost Egypt’s petroleum reserves

Sun, 20 Aug 2017 - 02:54 GMT

Habi-16 and Taurt-8 wells were put on production at an average of 140 million cubic feet of gas.