Apache eyes $1 billion fresh investments in Egypt

apache

U.S.-based oil explorer Apache will inject around $1 billion worth of fresh investments in Egypt during the fiscal year 2016/17, the Ministry of Petroleum said in a statement Friday.

However, the statement did not define the new investments to be carried out by the U.S. firm.

Apache’s investments in Egypt currently are valued at $12 billion in 23 concessions of which 20 are producing oil.

(Source: Mubasher)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s