VOL.XXXVIII

NO.3

17-OCTOBER-1994

Egypt

Gupco Reserves Now Stand At 1.2Bn Barrels

The oil reserves of Gupco (EGPC-Amoco) now stand at 1.2bn barrels, up from0.96bn barrels at the start of the company's operations in 1965 despite the factthat a total of about 3.5bn barrels of oil were produced over this period,according to Dr. Faruq Qenawi, Chairman and Managing Director of Gupco. (Egypt'stotal oil reserves are currently estimated at some 3.5bn barrels.) Dr. Qenawi'sstatements, quoted in a recent...