Middle East Economic Survey


No 4



Apache Completes Sale Of West Mediterranean Assets To Amerada Hess

Apache Corporation on 17 January announced it had completed the sale of its 55% interest in Egypts West Mediterranean Block 1 to Amerada Hess Corporation for $413mn (MEES, 24 October 2005) and that it had also completed its purchase of Amerada Hesss interest in eight fields located in the Permian Basin of West Texas and New Mexico for $269mn. President and CEO of...