U.S. firm Apache to invest $1.4 billion in Egypt’s energy sector

Apache Corporation has unveiled plans to invest $1.4 billion in Egypt’s energy industry next year. As one of the biggest foreign investors and the largest oil producer in Egypt, Apache’s investment aims to deepen its partnership with the country and expand its oil and gas exploration activities despite the global economic challenges.

The announcement was made during a meeting between Apache’s CEO John Christmann and Egyptian Prime Minister Mostafa Madbouly. The government of Egypt expressed hopes that Apache would continue to invest and increase its oil production in the country.

Apache has been operating in Egypt for more than 27 years and is a significant player in the country’s energy sector. With upgrades to its operations, Apache has managed to increase its oil production by 10% to over 150,000 barrels per day.

The company primarily focuses on the Western Desert region of Egypt, with exploration targets in both new and existing acreage. The company holds around 5.3 million gross acres across six separate concessions, with 68% of its acreage considered undeveloped, offering future exploration and development opportunities.

The recent investment commitment from Apache is part of its ongoing efforts to strengthen its presence in Egypt and contribute to the country’s energy development goals.

Elevate your business with QU4TRO PRO!

Gain access to comprehensive analysis, in-depth reports and market trends.

Interested in learning more?

Sign up for Top Insights Today

Top Insights Today delivers the latest insights straight to your inbox.

You will get daily industry insights on

Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

OPEC+ considers Namibia for membership amidst growing African oil industry

The OPEC+ oil producers group is considering Namibia for possible membership as the country emerges as a significant player in the African oil industry. With recent discoveries by TotalEnergies and Shell estimated at 2.6 billion barrels, Namibia is poised to become Africa’s fourth-largest oil producer by…

South Korea emerges as trusted nuclear supplier amid global realignment

South Korea is rapidly emerging as one of the most credible contenders in the global race to scale up nuclear energy, thanks to its rare blend of industrial capability, cost control, and geopolitical acceptability. As climate change, energy security, and the demands of an AI-powered digital economy push nations toward zero-emission baseload power, the global nuclear industry is undergoing a quiet but profound transformation—and South Korea is positioning itself at the center of it.

At the heart of Korea’s success is the combination of a deeply integrated industrial ecosystem and a long-standing commitment to nuclear power that has persisted without the decades-long pauses seen in other major nuclear nations. Since launching its first nuclear power plant in the 1970s, South Korea has maintained continuous development of domestic reactors and infrastructure, accumulating invaluable expertise in project delivery, design, and supply chain coordination.

Australia’s Fortescue stops use of voluntary carbon offsets

Fortescue Metals Group, one of the world’s largest iron ore producers and a significant emitter of greenhouse gases, has taken a bold step by announcing the cessation of its use of voluntary carbon offsets. This move sets Fortescue apart as the only heavy emitter globally to halt the procurement of these offsets.

Stay informed

error: Content is protected !!