Egypt has promising oil and gas finds, Apache Oil Company

Egypt's Prime Minister Atef Ebeid yesterday received Chairman of the Apache Oil Company and his accompanying delegation who are currently visiting Cairo.

Minister Sameh Fahmy, who attended the meeting, said that the Prime Minister reviewed with the visitors oil and gas projects being carried out by Apache in several offshore areas in the Mediterranean and in the Western Desert.

A review was also made of the company's activities and investments in Egypt in the coming period.

Fahmy said that the Apache Chairman lauded the investment atmosphere in Egypt and praised the experience of Egyptians working in the oil and gas sector.

The Apache Chairman said that new discoveries were expected which would give Egypt a distinguished position among gas- exporting countries.

"Apache has an ambitious plan and Egypt has new promising oil and gas finds," he added.