Egypt’s EGPC has a 10% stake in a southern Iraq field that is expected to produce 80 MBOPD
The Egyptian General Petroleum Corporation (EGPC) plans to start crude oil production in South Iraq’s Block 9 by the beginning of 2016, reports Daily News Egypt. EGPC has a 10% stake of Kuwait Energy in the area, the first international investment for the company.

Initial tests for crude oil production estimate that 11 MBOPD will be produced, with actual production estimates predicting 80 MBOPD. EGPC CEO Tarek El Molla said the southern Basra field’s ...

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