Total Not to Acquire Anadarko Algeria Assets
French energy major, Total, has been informed by Occidental that it cannot acquire oil and gas assets in Algeria.
French energy major, Total, has been informed by Occidental that it cannot acquire oil and gas assets in Algeria.
The Algerian government is reconsidering Total’s acquisition of Anadarko’s Algerian assets and looks for a good compromise
Anadarko, Total, Eni, and Statoil are interested in joining the Algerian state oil company Sonatrach to develop offshore drilling in the North African country.
Algeria plans to pass a new energy law that offers tax incentives to attract investment and is in discussion with foreign firms such as BP and Anadarko regarding its shale gas reserves.