Qarun Petroleum Company Increases Oil Output

Qarun Petroleum Company Increases Oil Output

Qarun Petroleum Company increased its production capacity of crude oil and condensates to around 28,000 barrels per day (b/d), Ashraf Abdel Gawad, head of the company, told Amwal Al Ghad.

Qarun plans to boost its output to over 45,000 b/d by the end of 2020 as it explores, develops, and operates new concessions in the Western and Eastern Deserts, Abdel Gawad noted.

The company is currently working with Apache in the latter’s exploration and production (E&P) concessions, Abdel Gawad pointed out, saying that Qarun’s total investments reached up to $200 million in fiscal year (FY) 2018/19.

Sarah Samir 2819 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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