Newsletter subscribe

Oil & Gas

GUPCO targets $538 million investments in FY 2017-18

Posted: January 9, 2017 at 3:28 pm   /   by   /   comments (0)

gupcoGUPCO – Gulf Of Suez Petroleum Co. said it targets investments of $538 million in the fiscal year 2017 – 2018.

Earlier, the company’s management approved the estimated budget for FY 2017 – 2018, said a press release.

GUPCO plans to produce 76,000 barrel per day in the new fiscal year.

The company’s production rate hit 81,000 barrel in FY 2016 – 2017, according to a press release.

(Source: Mubasher)

Comments (0)

write a comment

Comment
Name E-mail Website