Cairo – Mubasher: GUPCO - Gulf Of Suez Petroleum Co. said it targets investments of $538 million in the fiscal year 2017 – 2018.
Earlier, the company’s management approved the estimated budget for FY 2017 – 2018, said a press release.
GUPCO plans to produce 76,000 barrel per day in the new fiscal year.
The company’s production rate hit 81,000 barrel in FY 2016 – 2017, according to a press release.
