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Oil Development Company Chairman Tarek al-Barqatawi said his company finalized developing an integrated production plant that affiliated Qarun Petroleum Company (QPC) so as to enter the actual production phase with daily capacity up 600 barrels oil.
Barqatawi has informed Amwal Al Ghad Arabic’s Website that Oil Development Company has done facilities for petroleum field as the daily volume of production ranged from 500 to 600 barrels oil daily.
He further noted that the company has a plan targeting to own from 5 to 7 petroleum sites, to be owned with 100% by the end of 2014 , besides having from 10 to 12 sites by the end of 2015.
