Apache Corp plans to increase investments in its Egypt operations by $1.5 billion starting in 2012, Egypt’s General Authority for Free-zones and Investments (GAFI) said.

This is one of the biggest expansion operations for foreign investments in Egypt since a popular uprising that ousted President Hosni Mubarak in January and left the economy floundering, deterring investments amid political instability.

Apache has operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina.

Source: energy-pedia