Sisi Discusses Boosting Oil and Gas Investments with Apache CEO

Key Facts

1Apache Corporation invested $5 billion in Egypt over the last 5 years.

2Apache is the largest American investor in Egypt.

3President El-Sisi affirmed Egypt's commitment to supporting Apache's expansion plans in the energy sector.

Egyptian President Abdel Fattah El-Sisi met with Apache Corp. CEO John Christmann to discuss expanding oil and gas exploration and production activities in Egypt. During the meeting, President El-Sisi reaffirmed Egypt's commitment to supporting Apache's expansion plans within the national energy sector. Apache stands as the largest American investor in Egypt, having injected $5 billion into the country over the past five years. The discussions focused on optimizing investment opportunities to strengthen the long-term partnership between the Egyptian state and the energy giant. The meeting, which included the Egyptian Minister of Petroleum, highlights the government's focus on facilitating major foreign direct investments. This collaboration is expected to bolster Egypt's energy production capacity and support the growth of Apache's long-term assets in the region.