U.S. Oil Firm Apache Plans To Invest $1.4 Billion In Egypt

Apache Corporation plans to invest next year $1.4 billion in Egypt’s energy industry, where the U.S. firm is one of the biggest investors and the largest oil producer in the North African country. The investment plans were unveiled during a meeting on Sunday of Egyptian Prime Minister Mostafa Madbouly with Apache chief executive John Christmann, the government of Egypt said in a statement carried by local and Arab media. Egypt expressed hopes that Apache would expand its oil and gas exploration activities and investments in the country despite…