Dragon Oil Company has published a statement saying that it intends to double its daily production in the next five years.
Publish dateWednesday 2 October 2024 - 11:24
According to Amac News: Ali Rashid Al Jarwan, CEO of Dragon oil Company, said that the company's daily production is 210,000 barrels per day, and they plan to increase this level of production to 450,000 barrels per day in the next five years.
Al Jarwan noted that the company is projecting annual production growth of 10 percent to 13 percent.
He mentioned the significant growth of production in the last seven years, which has increased from 70 thousand barrels per day to 210 thousand barrels per day.
Regarding future investments, he explained that the annual budget of the company is 1.5 billion dollars, of which 1 billion dollars is allocated for investment and 500 million dollars for operational activities.
According to him, Dragon operates in several key markets, including Egypt, Iraq and Turkmenistan, and plans to develop these markets.
Al Jarwan noted that the company is projecting annual production growth of 10 percent to 13 percent.
He mentioned the significant growth of production in the last seven years, which has increased from 70 thousand barrels per day to 210 thousand barrels per day.
Regarding future investments, he explained that the annual budget of the company is 1.5 billion dollars, of which 1 billion dollars is allocated for investment and 500 million dollars for operational activities.
According to him, Dragon operates in several key markets, including Egypt, Iraq and Turkmenistan, and plans to develop these markets.
amacnews.com/vdcb.8b8urhbz9e4pr.html
Source : news agency wam
Latest News
Most viewed
