VOL. XLIV

No. 05

29-January-2001

EGYPT

Apache Acquires Repsol YPFs Western Desert Oil And Gas Concession Interests For $410Mn

Apache Corporation of the US announced on 23 January that it has acquired the stakes held by Repsol YPF in seven exploration and production concessions in the Western Desert and the onshore part of the West Mediterranean concession for $410mn with effect from 1 January, subject to approval by the Egyptian Government and the partners preemption rights. Apache already held...