Cairo – Mubasher: The Gulf of Suez Petroleum Company (GUPCO) aims to increase its output to 70,000 barrels per day (bpd).
The company’s planned budget for fiscal year 2021/2022 includes investments of $562 million for the implementation of projects in the fields of the company, according to a statement on Wednesday.
This came during the company’s general assembly headed by the Minister of Petroleum, Tarek El-Molla, for the approval of the planned budget for FY21/22.
