{"id":647976,"date":"2017-05-24T04:11:38","date_gmt":"2017-05-24T04:11:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/sinopec-downplays-concerns-about-its-investment-in-egypt\/"},"modified":"2017-05-24T04:11:38","modified_gmt":"2017-05-24T04:11:38","slug":"sinopec-downplays-concerns-about-its-investment-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/24\/sinopec-downplays-concerns-about-its-investment-in-egypt\/","title":{"rendered":"Sinopec downplays concerns about its investment in Egypt"},"content":{"rendered":"

Sinopec downplayed concerns about risks to the value of its investments in Egypt, China Daily<\/a>\u2019s Zheng Xin reports. Sinopec bought a 33% stake in Apache\u2019s assets in Egypt for USD 3.1 bn in 2013. \u201cThe Egyptian project is more of a long-term investment and four years is too short to draw a conclusion. The prices of oil and gas are fluctuating. Now that they have hit the bottom, we're confident our investment will recover its cost within the expected 10 years,\u201d Zhang Hong, head of the HSE Department of Apache\u2019s JV, Qarun.<\/p>\n","protected":false},"excerpt":{"rendered":"

Sinopec downplayed concerns about risks to the value of its investments in Egypt, China Daily\u2019s Zheng Xin reports. Sinopec bought a 33% stake in Apache\u2019s assets in Egypt for USD 3.1 bn in 2013. \u201cThe Egyptian project is more of a long-term investment and four years is too short to draw a conclusion. The prices […]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647976","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"019aaf89-f691-491a-8906-49d544c52dba","order":"0","is_powered_by":true,"section_story_id":"71b7ca2e-39df-4927-a133-707f0bb28b51","story_type":"1","photo_url":"","photo_position":"above","related_issue":[647947],"teaser":"","voice_url":""},"yoast_head":"\nSinopec downplays concerns about its investment in Egypt - 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\/2017\/05\/24\/sinopec-downplays-concerns-about-its-investment-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinopec downplays concerns about its investment in Egypt\" \/>\n<meta property=\"og:description\" content=\"Sinopec downplayed concerns about risks to the value of its investments in Egypt, China Daily\u2019s Zheng Xin reports. Sinopec bought a 33% stake in Apache\u2019s assets in Egypt for USD 3.1 bn in 2013. \u201cThe Egyptian project is more of a long-term investment and four years is too short to draw a conclusion. 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