23 Hrs
Source:
بوابة الوسط
Ajoku seeks funds for project completion and facility growth
The Arabian Gulf Oil Company "AJOCO" requested funding from the National Oil Corporation to complete stalled projects and develop production facilities and infrastructure, with the aim of maintaining current production rates and achieving future objectives. The technical proposals revealed that large sections of these projects urgently require upgrading and rehabilitation to ensure operational continuity, with a focus on enhancing efficiency and supporting oil assets. During the meeting, the financial and operational performance, as well as plans to increase production in the coming years, were reviewed. Additionally, new development projects were discussed to improve operational efficiency, safety, and the sustainability of production.
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