Home World News Algeria to block Total from buying Anadarko’s Algerian assets – minister

Algeria to block Total from buying Anadarko’s Algerian assets – minister

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Algeria to block Total from buying Anadarko’s Algerian assets - ministerAlgeria will block Total from acquiring Anadarko’s assets in Algeria, energy minister Mohamed Arkab told reporters on a sidelines of a conference on Sunday. Occidental Petroleum has agreed to sell Anadarko Petroleum Corporation’s assets in Algeria, Ghana, Mozambique and South Africa to Total for $8.8 billion if the U.S. oil company succeeds in completing its plan to take over Anadarko.

Source: Yahoo.com