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President Abdel Fattah El-Sisi discussed the expansion of Apache Corporation operations in Egypt in a meeting with the company's CEO John Christmann and Executive Vice President and CFO Stephen J. Riney.

Minister of Petroleum and Mineral Resources Karim Badawi also attended the meeting.

According to the Egyptian presidency, the discussions focused on reviewing Apache's ongoing activities in Egypt and its plans to expand operations and productive collaboration with Egypt in the oil and gas sectors.

The presidency added that the meeting highlighted Apache's achievements in Egypt over the past three decades.

President El-Sisi commended the company's successes, expressing his support for its expansion plans that adhere to the highest global standards.

He also emphasized Egypt's dedication to boosting investments in the energy sector to meet the country's growing needs.

Christmann also expressed his appreciation for the strong partnership with Egypt, stressing Apache's intent to enhance production rates soon taking advantage of the numerous discovery opportunities.

He also emphasized the company's commitment to developing and utilizing advanced technologies to improve energy efficiency and reduce emissions from production processes.

Additionally, the meeting addressed ways to strengthen economic cooperation between Egypt and the United States.

Christmann, who is also the chairman of the Egypt-US Business Council, acknowledged Egypt's efforts to create an attractive investment climate, facilitating the operations of both domestic and foreign private sectors across various industries.

Source: Al-Ahram Online