ICEC

Qarun Petroleum ups crude production to 1,000 barrels/month

Qarun Petroleum Company, a joint venture between the Egyptian government and U.S. oil giant Apache, says it has boosted it crude oil production to around 1,000 barrels a month.

The company accelerated a number of oil field developments in the Western Desert as well as more exploration projects to leverage its crude oil reserves during the financial year 2016/2017, its chairman Mohsen El-Noby further said on Sunday.

Crude reserves were raised to nearly 8 million barrels, El-Noby added.

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