GUPCO | Egypt Oil & Gas - Part 3
GUPCO to Invest $586M, Increase Production to 72,000 bbl/d in FY 2024/25
Minister of Petroleum and Mineral Resources Tarek El Molla has witnessed the general assembly of the Gulf of Suez Petroleum Company (GUPCO) to approve the new investment budget for the next fiscal year (FY) 2024/25. D...
GUPCO Kicks Off Production at North Safa Oil Field in Gulf of Suez
The Gulf of Suez Petroleum Company (GUPCO) has successfully brought the first well of the North Safa oil field in the northeastern Ramadan region of the Gulf of Suez online. This achievement marks a strong start to th...
GUPCO Production Reaches 56,200 bbl/d of Oil in FY 2022/23
Minister of Petroleum and Mineral Resources Tarek El Molla chaired a General Assembly meeting to approve the business results of the Gulf of Suez Petroleum Company’s (GUPCO) for the fiscal year 2022/23. El Molla...
GUPCO to Invest $588M to Enhance Production Efficiency During FY 2023/24
Chairman of Gulf of Suez Petroleum Company’s (GUPCO) Salah Abdel Kareem stated that his company has a plan to invest $588 million during the fiscal year (FY) 2023/24 to enhance petroleum production rates to reac...
El Molla Approves GUPCO, Agiba, Pharaonic Petroleum Companies 2022/23 Budget Plans
Minister of Petroleum and Mineral Resources Tarek El Molla emphasized the importance of increasing exploration and discovery activities during general assemblies of Gulf of Suez Petroleum Company (GUPCO), Agiba, and P...
El Molla Lays Foundation Stone for GPC’s Integrated Plant
Minister of Petroleum and Mineral Resources Tarek El Molla laid the foundations for the General Petroleum Company (GPC)’s project to convert the Hamad onshore station into an integrated treatment plant at an inv...
El Molla Follows Up on Oil, Gas Projects in Gulf of Suez, Ras Ghareb
Minister of Petroleum and Mineral Resources Tarek El Molla toured a number of petroleum projects in the Gulf of Suez and Ras Ghareb regions in the Red Sea, the ministry said in a statement. The projects visited by El ...
GUPCO Produces 61,000 b/d Crude Oil in 2020/21
The Gulf of Suez Petroleum Company (GUPCO) produced an average of over 61,000 barrels per day (b/d) of crude oil during fiscal year (FY) 2020/21, Mohamed El Meligy, chairman of the company, said. This came during the ...
