US oil company Apache has plans to increase its investments in Egypt in light of new exploration opportunities in the Western Desert. Apache is encouraged to do so especially that modern technology and new digging methods are now available, officials from the company said during a meeting with Petroleum Minister Tareq el Molla earlier Monday. The American company is interested in attaining new concession areas with high oil potentials, thus contributing to increasing production in the coming stage. Molla, in statements Monday, said Apache is an important partner, pointing to coordination between the company in the US and the oil sector in Egypt to continue pumping investments into exploratio
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