Middle East Economic Survey
VOL. LIII
No 6
8-Feb-2010
EGYPT
Apache Signs New Western Desert Exploration Agreements
Egypts Ministry of Petroleum has signed two agreements with US oil firm Apache Corporation and state-owned Egyptian General Petroleum Corporation (EGPC), for the exploration and exploitation of hydrocarbons in Egypts Western Desert. Under the terms of the agreements, which cover 6,400 sq km west of the Nile Delta, Apache will drill 13 exploration wells and invest $55mn, according to a...
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