Apache

Apache to Spend $3.5B on Western Desert Oil Projects

Minister of Petroleum and Mineral Resources, Tarek El Molla, the Egyptian General Petroleum Corporation (EGPC)’s Chairman, Abed Ezz El-Regal, and Vice President of the American Apache Company and General Manager of the company in Egypt, David Chi, signed an agreement under which Apache Company commits to spending a minimum of $3.5 billion on research, exploration, development and production in the concession areas in the Egyptian Western Desert.

Parliament Approves Three Exploration Agreements for Gulf of Suez, Western Desert, Eastern Desert

The Egyptian Parliament, chaired by, Ahmed Saad El-Din, First Undersecretary of the Parliament, approved a draft law submitted by the government licensing the Minister of Petroleum and Mineral Resources, Tarek El Molla, to contract with EGPC and partners for oil exploration.

Chi Takes Over EOG Committee Leadership

The Egypt Oil & Gas (EOG) Committee announced the appointment of David Chi, Vice-President of Apache Corporation and Country Manager for Apache in Egypt, as the Chairman of the committee.

Sisi Discusses Cooperation Opportunities with Apache CEO

CEO of Apache Corporation, John J. Christmann, met with Egyptian President, Abdel Fattah El Sisi, and discussed the business relations between Apache and Egypt as well as the company's work with the Egyptian Ministry of Petroleum.

El Molla Discusses Apache E&P Expansion Plans in Egypt

Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed Apache’s expansion plans in exploration and production (E&P) areas with Apache’s John Christmann, Head of the Board of Directors, during a meeting held on Monday.

MoP, MOIC Convene Multi-Stakeholder Platform

Ministry of Petroleum and Mineral Resources (MoP) convened the joint coordination cooperation platform with the Ministry of International Cooperation (MOIC), under the title “Egypt as a Regional Energy Hub: Reforms and Prospects in the Oil and Gas Sector".

Egypt Signs Agreement with APA to Modernize Production Sharing Contracts

APA corporation announced that it has reached an initial agreement with the Egyptian Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation (EGPC) in the framework of modernizing the petroleum sector.

Apache, APA Corporations Announce New Holding Company Structure

Apache Corporation announced the completion of new holding company structure to be named APA, making APA the parent holding company of Apache. It replaces Apache as the public company trading on the Nasdaq stock market under the name of APA.

EOG Roundtable Highlights Brownfields Development Strategies 

H.E. Eng. Tarek El Molla, Minister of Petroleum and Mineral Resources, asserted the importance of developing brownfields, referring to several revival strategies that were used in Egypt. The minister remarks came during Egypt Oil & Gas (EOG) Committee’s virtual roundtable titled ‘Increasing Investments in Egypt’s Brownfields Opportunities’ on Sunday, October 18.

Al-Sisi Licenses MoP to Contract EGPC, Apache

According to the official Egyptian newspaper, the President Abdel Fattah Al Sisi has approved the law no 167 for the year of 2019 to allow the Minister of Petroleum and Mineral Resources to contract with the Egyptian General Petroleum Corporation (EGPC) and Apache LDC.

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