Apache Egypt investments exceed $20bln – David Chi

Egypt has become a regional hub for foreign investments in the energy sector

  
Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin on February 5, 2015 in Garden City, Texas. Image used for illustrative purposes.

Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin on February 5, 2015 in Garden City, Texas. Image used for illustrative purposes.

Getty Images/Spencer Platt

Cairo – The US-based oil and gas producer Apache has invested more than $20 billion in Egypt, the Regional Vice President and General Manager, David Chi, said.

The North African nation has a leading position in the oil and gas sector thanks to its resources and location, making it a regional hub for foreign investments in the energy sector, Chi pointed out in a statement on Sunday.

These remarks came during the multi-stakeholder platform for the petroleum and mineral resources sector.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Energy