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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Apache Seeks to Pump New Investments in Egypt

Apache Egypt Petroleum Tarek elMolla United States Western Desert
Tarek el-Molla, Egypt's Minister of Petroleum and Mineral Resources, arrives for a meeting at the Presidential Palace in Nicosia, Cyprus September 18, 2018. (Reuters)

US corporation Apache is scheduled to pump more investments in its concession areas in the Western Desert, announced Egypt's Petroleum and Mineral Resources Ministry.

The move aims to improve the productivity of aging wells, intensify research and exploration activities and make new discoveries in light of the significant results of seismic research operations, which showed promising petroleum potential.

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