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State owned GPC – General Petroleum Co. to soon start crude oil production at its earlier hit new offshore finds in the Suez Gulf.

Sunday, September 18, 2005
Gomhouria
Suez
State owned GPC – General Petroleum Co. to soon start crude oil production at its earlier hit new offshore finds in the Suez Gulf. Confirmed reserves at those finds, identified as Hamad 1, 2 & 3, are put at 70 million barrels (i.e. worth about $ 3.5 – 4 billion at present prices).

Beneficiary Sectors
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Petroleum - Oil, Gas & Petrochemicals
      Production