Middle East Economic Survey
VOL. XLVIII
No 5
31-January-2005
EGYPT
OPIC Providing $300Mn In Insurance For Egyptian Gas Development
The Overseas Private Investment Corporation (OPIC), which is a US government agency, announced on 19 January that it was providing $300mn in political risk insurance to Apache Corporation. Apache, which is the largest US investor in Egypt, is helping the country shift the emphasis of its energy production from oil to natural gas. Apache will use the OPIC insurance to...
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