Dragon Oil company, wholly owned by the government of Dubai, intends to increase its oil production in Egypt by about 27% during next October to 70,000 barrels per day (bbl/d), according to a government official who spoke to Asharq Business.

The company will start production within two months from the North Safa field in the Gulf of Suez, with a capacity of 15,000 bbl/d of oil.

Dragon Oil is an oil and gas exploration, development and production company headquartered in Dubai and wholly owned by the Emirates National Oil Company (ENOC).

Dragon Oil’s endeavor to increase its oil output in Egypt comes at a time when the country has been suffering from continuous power outages since the beginning of summer.