Apache Egypt announced vice president and acting country manager Greg McDaniel along with a delegation from Apache met today with the newly appointed Minister of Petroleum and Mineral Resources Karim Badawi to discuss shared interests and the company’s longstanding partnership with Egypt. In attendance were Dr. Alaa El Batal, Egyptian General Petroleum Corporation CEO, and Engineer Alaa Hagar Undersecretary for the Technical Office at the Ministry of Petroleum and Mineral Resources.

Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, stressed that Egypt has a sincere desire to create an attractive investment climate in all fields and to benefit from expertise in achieving sustainable development goals, and in cooperation with partners, increasing Egypt’s production of natural gas and crude oil is a top priority for the next stage. The foreign sector will support the acceleration of development of new discoveries and intensify search and exploration operations to add to Egypt’s balance of reserves. This came during his meeting with Greg McDaniel, President of Apache Egypt, and the accompanying delegation, where the company’s activities in the Western Sahara in Egypt and its plans during the coming period to increase production of natural gas were discussed.

Badawi added that Apache is one of the largest producers of crude oil in Egypt and has contributed to achieving great successes through its partnership with the Egyptian petroleum sector, which extends for many years. Additionally, he stressed Apache’s commitment to its operations in Egypt in all circumstances and challenges and the importance of exchanging experiences between the petroleum sector and the international company to achieve common goals. The focus areas for these goals include research and exploration, energy efficiency, emissions reduction, carbon removal, occupational safety and health, human cadre training and the provision of advanced technologies that Apache possesses.

“Apache congratulates His Excellency Karim Badawi on his appointment to Minister of Petroleum and Mineral Resources,” said Greg McDaniel, Apache Egypt’s vice president and acting country manager. “We look forward to working with the Minister, as his leadership and experience will undoubtedly help the energy industry continue to create substantial value for Egypt. In collaboration with His Excellency and Egypt’s talented workforce, we aim to responsibly maximize the country’s energy resources and ensure that Egypt remains an attractive investment destination for companies around the world.”

During the productive conversation, the leaders addressed critical topics, including:

• Addressing electricity challenges: Apache reiterated its commitment to helping address Egypt’s electricity challenges with further exploration and production opportunities in country.
• Strengthening bilateral relations: Apache’s serves as the Chair of the U.S.-Egypt Business Council within the U.S. Chamber of Commerce and leads the Council’s efforts in promoting a strong bilateral relationship between the United States and Egypt and supporting increased investment in Egypt.
• Emissions Reductions Efforts: Apache shared its commitment to reduce emissions across its operations and provided an update on its efforts including progress towards its 2024 goal to deliver projects to reduce diesel consumption in Egypt by 10% by year-end.

The meeting concluded with a renewed optimism for Egypt’s energy future and confidence that this partnership would expand on its record of collaboration.