Apache Commits to Enhancing Oil and Gas Production in Egypt

On Monday, Egyptian President Abdel Fattah El-Sisi met with John Christmann, CEO of the American oil and gas company Apache Corporation, along with the company's Executive Vice President and CFO. The meeting was also attended by Egypt's Minister of Petroleum and Mineral Resources, Karim Badawy

According to the Presidential Spokesperson, the meeting focused on reviewing and discussing Apache’s activities in Egypt and their plans to expand and increase their operations. This meeting underscores the ongoing fruitful cooperation between Egypt and Apache in the areas of exploration, research, and production of oil and gas, aiming for the optimal utilization of Egypt's energy resources.

President Sisi commended Apache's achievements in Egypt over the past three decades, appreciating the company's plans to expand its operations following the highest global standards. He reaffirmed the state's commitment to enhancing and increasing investments in the energy sectors to meet Egypt’s growing needs.

John Christmann, the CEO of Apache, expressed his appreciation for the strong partnership with Egypt. He emphasized the company's eagerness to enhance production rates in the coming period, highlighting the numerous opportunities for new discoveries. Christmann also noted Apache's dedication to developing and utilizing the latest technologies to improve energy efficiency and reduce emissions from production operations.

The discussion also covered ways to strengthen economic cooperation between Egypt and the United States. Given Christmann's role as Chairman of the US-Egypt Business Council, the talks emphasized Egypt's commitment to creating a favorable environment for attracting and increasing investments, as well as facilitating the operations of both Egyptian and foreign private sectors across various fields.