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Egypt: Regions
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Houston-based Apache Corporation, the largest U.S. investor in Egypt, will use the OPIC insurance to support $1.8 billion of new investment during 2006-2010, specifically for the exploration, development and production of oil and gas concessions in Egypt’s Western Desert region. Among the concessions is the Qasr field: with more than two trillion cubic feet of gas and 50 million barrels of estimated recoverable reserves. The majority of the oil and gas produced by the concessions will be used for domestic consumption.
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U.S. military cooperation has helped Egypt modernize its armed forces and strengthen regional security and stability. Under Foreign Military Financing (FMF) programs, the U.S. has provided F-4 jet aircraft, F-16 jet fighters, M-60A3 and M1A1 tanks, armored personnel carriers, Apache helicopters, antiaircraft missile batteries, aerial surveillance aircraft, and other equipment. The U.S. and Egypt ... participate in combined military exercises, including deployments of U.S. troops to Egypt. Every other year, Egypt hosts Operation Bright Star, a multilateral military exercise with the U.S., and the largest military exercise in the region. Units of the U.S. 6th Fleet are regular visitors to Egyptian ports.
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"The Jade discovery was one of several higher-risk, higher-reward exploration prospects we have developed across the 37 million acres we have assembled in our core growth regions of Australia, Canada and Egypt," Farris said. "This field and other recent discoveries will enable Apache to deliver strong growth through the end of the decade."
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The other reason why the region is known as Egypt, is because Southern Illinois was the feedbarn for the rest of the state in the early days before agriculture took hold. The most widely quoted story is about the Winter of Deep Snow.
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