Slaying of Apache Corp. worker underscores dangers in Egypt

The shooting death of an Apache Corp. worker in Egypt exposed the dangers of the country’s remote oil patches and could pressure the company to reassess its continuing presence there. A longtime Apache employee, identified in reports from Egypt as an American,  was shot and killed Wednesday during an attempted carjacking as he was driving a desert road between Qarun and Karama, southwest of Cairo. The Houston-based exploration and production company said he was a supervisor in the company’s oil and gas operations, but did not identify him further. One of the largest drillers in Egypt, Apache Corp. has assets in the country’s remote western desert where oil workers are especially vulnerable to random violence given the isolation of oil infrastructure, said Kristian Coates Ulrichsen, an expert in Middle Eastern politics, economics and security trends with Rice University’s Baker Institute. Apache has been selling international assets, including a third of its Egyptian business, to sharpen its focus on North America. Analysts said the worker’s death may prompt investors to push for the company to withdraw further from the politically troubled nation. Apache shares fell 51 cents to $99.87 in New York Stock Exchange trading Monday. See the full story on