President Sisi approves amending EGPC-Apache exploration agreement

APACHE CORPORATION LOGOEgyptian President Abdel Fattah al-Sisi issued a decree Monday granting petroleum ministry the permission to amend the agreement on oil exploration in Khalda region in Western Desert.

The agreement was signed between state’s General Petroleum Corporation (EGPC) and Apache Khalda Corporation LDC company.

This comes after the Egyptian parliament approved the decree.

Apache operates in Egypt through the Khalda Petroleum Company, a joint venture with the Egyptian General Petroleum Company.

(Source: Amwal Al Ghad)

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