Apache pulls workers from Egypt

US oil and gas company Apache Corporation said it is moving an undisclosed number of workers out of Egypt due to civil unrest in that country.

Apache’s production, located in remote locations in the Western Desert, has continued uninterrupted, the company said in a statement on its website, according to a Reuters report.
Operations in Egypt accounted for about 20% of the Houston company’s oil and natural gas output in the third quarter.

Bill Mintz, a spokesman for the company, declined to say how many workers have been taken out of Egypt.

Shares of Apache rose 2% to $121.24 on the New York Stock Exchange.

(Source: upstreamonline)


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