ALGERIA Issue dated 15/05/2020

Oxy left holding Anadarko assets with Total excluded and Sonatrach cash-strapped

Although Sonatrach had exercised its right of pre-emption over the Algerian assets of Anadarko - acquired by Oxy and for which Total had made an offer - the boss of the state-owned oil company has had to face up to reality: his company's ambitions outstrip its means. [...] (341 words)
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