Egypt's GUPCO plans to raise output to 77,000 bpd in FY20/21
Shareholders approved an estimated budget of $543mln for FY20/21
Mubasher - 16-Feb-2020
Gulf of Suez Petroleum Company
Also known as: GUPCO Last updated on: 09 July 2019
fast facts
Business SummaryProvides exploration, drilling and production of crude oil and natural gas; provides oilfield services.Country of IncorporationEgyptOwnership TypeGovernmentEstablished In1965Primary SectorOil and GasNumber of Employees-Latest News
oil and gas
Dragon Oil completes acquisition of BP’s stake in GUPCO
Gulf of Suez Petroleum Company currently produces nearly 60,000 bpd
Mubasher - 13-Jan-2020HC Securities & Investment sponsors the Mergermarket's second annual Egypt M&A and Private Equity Forum
Choucri: The overall positive macroeconomic outlook, successful fiscal and monetary policies and bullish business environment have made Egypt a high rank investment destination.
Press Release - 13-Nov-2019NREA to decide on Vestas’ offer to establish Gulf of Suez wind farm before end-2019
The source said the project’s capacity can be increased in case of securing larger funding
Daily News Egypt - 01-Nov-2019Dubai's Dragon Oil buys BP stake in Gulf of Suez oil firm in Egypt
GUPCO produces 60,000 barrels per day (bpd) of oil from 11 concessions
Reuters News - 21-Oct-2019Contact details
Primary address
Gulf of Suez Petroleum Company Building 270Palestine Street
New Maadi Area 4
2400
Egypt
Maadi
11511
Region
CairoCONTACT
- Tel: +20 2-2706-1436
- Tel: +20 2-2702-0894
- Fax: +20 2-2706-1436
- Email: info@gupco.net
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