{"id":625891,"date":"2018-08-26T04:12:03","date_gmt":"2018-08-26T04:12:03","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/"},"modified":"2018-08-26T04:12:03","modified_gmt":"2018-08-26T04:12:03","slug":"apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/","title":{"rendered":"Apache plans to raise Egypt investments to USD 1 bn a year"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Apache plans to boost its investment in Egypt to an annual USD 1 bn, <\/strong>CEO John Christmann is reported to have said last week at a meeting with Oil Minister Tarek El Molla, according to a ministry statement carried by Al Mal<\/a>. Apache is already eyeing new opportunities in Egypt under its current five-year strategy, the paper quotes Christmann as saying. Apache and the EGPC had signed in July<\/a> a USD 9 mn exploration agreement<\/a> for blocks in the Western Desert and the company had said it plans to begin drilling this year.<\/p>\n

Also last week, El Molla <\/strong>sat down with<\/strong><\/a> our friend Tom Maher<\/strong>, president and COO at Apex International Energy, and a delegation from partners Blue Water Energy<\/a> to discuss their plans to begin drilling at Apex\u2019s Western Desert concessions. Apex had previously said<\/a> it was planning to begin exploration at the West Badr El Din and South East Meleiha concessions in in 4Q2018. The Oil Ministry is stepping up the pace at which it brings out tenders for new exploration blocks as part of its drive to position Egypt as the premier regional energy hub.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Apache plans to boost its investment in Egypt to an annual USD 1 bn, CEO John Christmann is reported to have said last week at a meeting with Oil Minister Tarek El Molla, according to a ministry statement carried by Al Mal. Apache is already eyeing new opportunities in Egypt under its current […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-625891","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"71e5efa8-7c91-42db-b8fc-f67225293b65","order":"0","is_powered_by":true,"section_story_id":"c61c9c37-409f-4d85-a23e-1c51551a0d75","story_type":"1","photo_url":"","photo_position":"above","related_issue":[625883],"teaser":"","voice_url":""},"yoast_head":"\nApache plans to raise Egypt investments to USD 1 bn a year - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apache plans to raise Egypt investments to USD 1 bn a year\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Apache plans to boost its investment in Egypt to an annual USD 1 bn, CEO John Christmann is reported to have said last week at a meeting with Oil Minister Tarek El Molla, according to a ministry statement carried by Al Mal. Apache is already eyeing new opportunities in Egypt under its current […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-26T04:12:03+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Apache plans to raise Egypt investments to USD 1 bn a year\",\"datePublished\":\"2018-08-26T04:12:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/\"},\"wordCount\":200,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/08\/26\/apache-plans-to-raise-egypt-investments-to-usd-1-bn-a-year\/\",\"name\":\"Apache plans to raise Egypt investments to USD 1 bn a year - 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PLUS: Cairo International Airport Terminal 4, another GASC wheat tender + new solar tender","author":"enterpriseam admin","date":"22 August 2023","format":false,"excerpt":"The US oil company is interested in exploring for gas in the Eastern Mediterranean","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1000.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":648370,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/02\/tarek-el-molla-meets-with-apache-ceo\/","url_meta":{"origin":625891,"position":2},"title":"Tarek El Molla meets with Apache CEO","author":"enterpriseam admin","date":"2 April 2017","format":false,"excerpt":"Oil Minister Tarek El Molla met with Apache CEO John Christmann to discuss expanding the company\u2019s exploration projects in Egypt, Al Mal reports. The two also discussed Apache\u2019s efforts to increase output from its existing projects.","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":627098,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/19\/egpc-signs-usd-9-mn-oil-and-gas-ep-agreement-with-apache-corporation\/","url_meta":{"origin":625891,"position":3},"title":"EGPC signs USD 9 mn oil and gas E&P agreement with Apache Corporation","author":"enterpriseam admin","date":"19 July 2018","format":false,"excerpt":"The EGPC signed yesterday a USD 9 mn oil and gas exploration and production agreement with the Apache Corporation in the Western Desert, the Oil Ministry announced in a statement. The agreement also includes a USD 30 mn signing bonus to dig seven wells in the area.","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569535,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/27\/apache-pharos-energy-among-bidders-for-shells-onshore-assets\/","url_meta":{"origin":625891,"position":4},"title":"Apache, Pharos Energy among bidders for Shell\u2019s onshore assets","author":"enterpriseam admin","date":"27 February 2020","format":false,"excerpt":"M&A WATCH- Apache, Apex, Cheiron among bidders for Shell\u2019s onshore assets: US oil and gas producer Apache, Egyptian firms Apex International Energy, Cheiron, and London-listed Pharos Energy have submitted bids for Shell\u2019s onshore oil and gas assets in Egypt, Reuters reports, citing informed sources. Other undisclosed Asian and Middle Eastern\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":642936,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/27\/oil-ministry-signs-three-exploration-agreements-with-apache-merlon-worth-usd-79-mn\/","url_meta":{"origin":625891,"position":5},"title":"Oil Ministry signs three exploration agreements with Apache, Merlon worth USD 79 mn","author":"enterpriseam admin","date":"27 August 2017","format":false,"excerpt":"The Oil Ministry signed on Saturday three oil and gas exploration agreements worth USD 79 mn in the Western Desert with Apache and Merlon, according to Al Mal. Separately, Oil Minister Tarek El Molla sat down with Philip Olivier, CEO of Engie Global LNG to discuss both the company's current\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=625891"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/625891\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/625883"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=625891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=625891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=625891"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=625891"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=625891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}