Apex International Energy L.P. has completed the sale of its upstream oil and gas business in Egypt to United Energy (MENA) Limited, enhancing United Energy's position in the region's energy market.
Information on the Target
Apex International Energy L.P. has successfully completed the sale of its upstream oil and gas business in Egypt. This sale includes all shares of Apex International Energy Holdings I, which is the entity holding the Company’s key upstream assets in the region. The deal was finalized on 14 October 2025, following the fulfillment of conditions outlined in the sale and purchase agreement established on 7 February 2025.
United Energy (MENA) Limited, a subsidiary of United Energy Group Limited, is the acquirer in this transaction, positioning itself to enhance its portfolio with this strategic acquisition. The deal reflects both companies' commitment to aligning their goals in the energy sector.
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Industry Overview in Egypt
The oil and gas sector in Egypt has long been a significant contributor to the economy, accounting for a substantial portion of government revenues and export earnings. The country possesses considerable hydrocarbon reserves, and its stra
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