While Algerian Energy Minister Mohamed Arkab said late last year Algeria planned to pre-empt a deal for Occidental to sell its ex-Anadarko Algeria assets to Total (MEES, 6 December 2019), the French firm’s CEO Patrick Pouyanné says talks between Oxy and Algiers are ongoing.
Total’s purchase of the Algeria assets is dependent on Algeria approving the transfer of Anadarko’s assets to Occidental which took over the former in a $55bn deal last year (MEES, 10 May 2019) . (CONTINUED - 394 WORDS)
