Rashid Petroleum Plans to Double Gas Production by FY 2029/30 as Part of Expansion Plan
NATURAL GAS
Rashid Petroleum Company (Rashpetco) plans to double its natural gas production by the fiscal year 2029/2030 as part of a five-year expansion strategy involving collaboration with Burullus Gas Company and other partners. The initiative, which includes drilling at the Mina West offshore field starting next month, aims to maximize existing infrastructure and attract new investments to enhance domestic gas supplies. Initial production is expected to reach 160 million cubic feet of gas and 1,900 barrels of condensate per day by Q4 2026, with further developments planned for WDDM's Phase 12-A project.

Jan 10, 2026, 6:13 AM