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Friday, October 17, 2025 8:7 GMT
China's United Energy Group has purchased Apex International Energy, which has eight oil concessions producing 11,000 barrels a day in Egypt's Western Desert, Apex said on Wednesday. UEG paid about US$157.6 million for Apex in the deal which closed on Tuesday, according to the Hong Kong Stock Exchange. Apex has been operating in Egypt since 2016....More