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Apache Corp Completes Egypt Partnership With Sinopec International Petroleum Exploration and Production Corporation


Thursday, 14 Nov 2013 09:30am EST 

Apache Corp announced the completion of its previously disclosed sale of a one-third minority participation in its Egypt oil and gas business to Sinopec International Petroleum Exploration and Production Corporation. After customary closing adjustments, Apache received $2.95 billion in cash. Apache will continue to operate the Egypt upstream oil and gas business. 

Company Quote

75.05
0.81 +1.09%
12:46pm EST