President Abdel Fattah El Sisi reaffirmed Egypt’s commitment to deepening strategic partnership with Apache Corporation, emphasising the state’s readiness to remove any obstacles facing the company’s operations and to maximise investment opportunities in the energy sector.
The President’s remarks came during his meeting on Tuesday with the Chief Executive Officer of Apache John Christmann. The Meeting was attended by Prime Minister Moustafa Madbouli and Minister of Petroleum and Mineral Resources Karim Badawi, President of Apache Stephen Riney and Senior Vice President for International Assets Greg McDaniel.
President Sisi welcomed the Apache delegation on the sidelines of their participation in the Egypt Energy Show (EGYPES 2026), commending the company’s longstanding presence in Egypt and the depth of the bilateral partnership. He underscored the importance of sustaining and expanding this cooperation, particularly in light of company’s ambitious plans to scale up exploration, drilling, and production activities in oil and gas, while enhancing the efficiency of existing fields in the Western Desert, according to Presidential Spokesman Ambassador Mohamed el-Shennawy.
The president reiterated Egypt’s commitment to providing full support to the company, stressing the government’s keenness to facilitate its operations and maintain an enabling investment climate that ensures optimal utilisation of available opportunities.
The meeting also touched on Apache’s ongoing activities in Egypt, as well as its plans to expand and increase investments, building on decades of successful co-operation in oil and gas exploration and production. Christmann expressed pride in the company’s enduring partnership with Egypt, noting that Apache has remained one of the country’s leading oil and gas producers for nearly three decades.
He disclosed that Apache has invested approximately $5 billion in its Western Desert concession areas over the past five years since 2021. He also noted that new investments are being channelled into adjacent concession areas to maximise the use of existing infrastructure and support continued expansion.
For his part, Minister Karim Badawi said that Apache is the largest US investor in Egypt, praising its sustained efforts to expand exploration in both oil and gas despite the global economic challenges. He added that the rising production of Khalda Petroleum Company is a notable success story, driven by Egypt’s attractive investment climate, and opens new prospects for further discoveries in the Western Desert.
President Sisi expressed his expectation that Apache will continue its growth and expansion into new concession areas, particularly given the promising potential for additional discoveries. He also reaffirmed the state’s commitment to settling all outstanding dues owed to foreign partners in the petroleum and gas sectors in the coming months, a move aimed at reinforcing investor confidence and supporting sustained growth in the sector.
