EGYPT

Apache Takes Long Term View On Egypt

US independent Apache says Egypt remains central to the company’s long term future, despite its lessening reliance on the North African country – a trend that is set to continue. Apache was the single largest bidder in Egyptian General Petroleum Corporation’s (EGPC’s) recent bid round, bidding for six of the 15 blocks on offer — including all four in its Western Desert production heartland (the three other Western...