Apache to Invest $1 Billion in Egypt during 2016/2017

Tuesday, April 12, 2016

Egypt should see around $1 billion invested by Apache Corp. over the next year according to the country’s Minister of Petroleum, Tarek El Molla.

The news was revealed following a meeting between the minister and executives from Apache. During the meeting, development projects undertaken by Apache’s JV in Egypt, Khalda Petroleum Co. and Qarun Petroleum Co. were also discussed.

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