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Advertisement APA Corp. has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corp. (EGPC) in support of the MOP’s efforts to modernise the country’s petroleum sector. The new Production Sharing Contract (PSC) will consolidate the majority of the concessions in the Western Desert of Egypt operated by APA Corp. subsidiary Apache Egypt into a single new concession, which will account for more than 90% of the company’s gross production volumes in Egypt on a barrel of oil equivalent (boe) basis. The changes ...

APA Corporation Announces Agreement in Principle with Egypt’s Ministry of Petroleum and Mineral Resources and EGPC to Modernize Production Sharing Contracts in Western Desert of Egypt May 04, 2021 08:50 ET | Source: APA Corporation APA Corporation Houston, Texas, UNITED STATES HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced it has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC) in support of the MOP’s...

Press release content from Globe Newswire. The AP news staff was not involved in its creation. APA Corporation Announces Agreement in Principle with Egypt’s Ministry of Petroleum and Mineral ... APA CorporationMay 4, 2021 GMT HOUSTON, May 04, 2021 (GLOBE NEWSWIRE) -- APA Corporation (Nasdaq: APA) today announced it has reached an agreement in principle with Egypt’s Ministry of Petroleum and Mineral Resources (MOP) and the Egyptian General Petroleum Corporation (EGPC) in support of the MOP’s efforts to modernize the country’s petroleum sector. The new Production Sharing Contract (PSC)...