China’s United Energy Group is planning to launch new investments in Egypt, which will increase oil and gas production, said Mansour Bukhamseen, board chairman of Kuwait Energy Company, Egypt Oil & Gas reports.

The Chinese group is producing 30,000 barrels per day (b/d) of petroleum from its concessions in the Western Desert, said Bukhamseen during a meeting with the Egyptian Minister of Petroleum, Tarek El Molla, adding that United Energy Group is targeting further successes from its concession.

The meeting was attended by Kuwait Energy’s chief executive, Abby Badawi, Kuwait Energy Egypt President, Kamel Al-Sawi, and a delegation from United Energy led by the group’s chief executive, Junfeng Zhu.

United Energy Group Limited is a leading exploration and production (E&P) company in Asia and has recently acquired 100% stocks of Kuwait Energy PLC for $900 million and the acquisition procedures are ongoing.