Mubasher TV
Contact Us Advertising   العربية

GUPCO plans to raise daily output to 70k barrels

GUPCO plans to raise daily output to 70k barrels
The planned budget for fiscal year 2021/2022 includes investments of $562 million

Cairo – Mubasher: The Gulf of Suez Petroleum Company (GUPCO) aims to increase its output to 70,000 barrels per day (bpd).

The company’s planned budget for fiscal year 2021/2022 includes investments of $562 million for the implementation of projects in the fields of the company, according to a statement on Wednesday.

This came during the company’s general assembly headed by the Minister of Petroleum, Tarek El-Molla, for the approval of the planned budget for FY21/22.