17-02-2025
Apache CEO lauds Egypt's recent economic achievements
CAIRO – 17 February 2025: President Abdel Fattah El Sisi met on Monday with Chief Executive Officer of American Apache Corporation, John J Christmann, on sidelines of the Egypt Energy Show (EGYPES) 2025.
Spokesman for the Presidency, Ambassador Mohamed El-Shennawy, said the President was briefed on the American Company's views regarding its expansion plans in Egypt.
President Sisi expressed Egypt's appreciation of the size and scope of Apache Corporation's activities and investments in the country, as well as its significant contributions to the exploration and production operations of gas and petroleum.
This boosts this vital sector and enables it to play a fundamental role in economic development efforts by turning Egypt into a key hub for energy production and trade in the East Mediterranean. The President emphasized the crucial need to enhance Apache Corporation's activities and investments in Egypt to maximize the utilization of the country's resources.
Apache Corporation CEO, stressed that he valued meeting with the President and confirmed the importance of Apache Corporation's relations with Egypt within the framework of the company's programs at the international level.
He lauded the achievements Egypt has made recently in terms of economic growth, which was reflected in the continuous development in the field of energy production and diversification of its sources.
This is in addition to improving the country's infrastructure in general and the oil and gas sector in particular, as well as Egypt's expansion in regional cooperation projects to connect with the countries of the region, with the aim of transporting and liquefying gas, which will have a positive economic impact and return.
