VOL.XXXIXNo. 65/6623/30-December-1996

EGYPT

ApachePlans To Spend $200Mn On Oil Operations In Egypt In 1997 Apache Corporation of Houston plans to spend more than $200mn on oil explorationand development in Egypt in 1997, according to Mr. Raymond Plank, the company'sChairman and Chief Executive. Thecompany has interests in 11.6mn gross acres (46,944 sq. kms.) in Egypt includingits two largest concessions - Khalda in the Western Desert and Qarunsouthwest of Cairo. This gives Apache 6.1mn net...