UEG paid about $157.6 million for Apex in the deal which closed on Tuesday
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China's United Energy Group has purchased Apex International Energy, which has eight oil concessions producing 11,000 barrels a day in Egypt's Western Desert, Apex said on Wednesday.
UEG paid about $157.6 million for Apex in the deal which closed on Tuesday, according to the Hong Kong Stock Exchange. Apex has been operating in Egypt since 2016.
(Reporting by Patrick Werr, Editing by Louise Heavens)
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