Zulficar & Partners Advised Apex International Energy On Divestment Of Its Egyptian Oil & Gas Operations

Zulficar & Partners Advised Apex International Energy on Divestment of its Egyptian Oil & Gas Operations

Zulficar & Partners Law Firm advised Apex International Energy L.P. in its pending transaction involving the divestment of its Egyptian upstream oil and gas exploration and production operations to United Energy (MENA) Limited. The transaction is expected to close upon the satisfaction of certain conditions precedent.

This strategic deal marks a significant step in Egypt’s upstream energy sector and is among the first transactions requiring approval under the new merger control regime implemented by the Egyptian Competition Authority (ECA) in June 2024.

The Zulficar & Partners team was led by Mariam El Masry (Partner), with key support from Salma Talaat (Senior Associate). The team was privileged to have the invaluable guidance and support of Ms. Mona Zulficar. The firm’s Competition Law team, led by Dr. Firas El Samad, with support from Mohamed Fouda (Associate), assisted the parties in securing ECA’s merger control clearance, which is one of the first approvals of an oil and gas transaction under the new regulatory regime.

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