Bloomberg News

Egypt Approves MIGA Request to Insure Apache Corp. Investments

July 08, 2012

Egypt’s Cabinet approved a request by the Multilateral Investment Guarantee Agency to insure Apache Corp. (APA:US)’s investments in Egypt, Egyptian International Cooperation and Planning Minister Fayza Aboulnaga said.

MIGA, a member of the World Bank Group, will provide $250 million in insurance for the Houston-based company’s oil and gas investments in the North African country, Aboulnaga told reporters in Cairo today.

To contact the reporter on this story: Abdel Latif Wahba in Cairo at

To contact the editor responsible for this story: Andrew J. Barden at

Burger King's Young Buns

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • APA
    (Apache Corp)
    • $101.27 USD
    • -0.58
    • -0.57%
Market data is delayed at least 15 minutes.
blog comments powered by Disqus