Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    50,880.11
    +670.37 (+1.34%)
     
  • CMC Crypto 200

    1,323.16
    +46.18 (+3.62%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

Occidental Petroleum to continue Anadarko's investment in Algeria

FILE PHOTO: Anadarko Petroleum Corporation is seen in The Woodlands

ALGIERS (Reuters) - Algeria has agreed to maintain Anadarko's contract with state firm Sonatrach, and Occidental Petroleum Corp <OXY.N> will continue investment in the OPEC member country, the energy ministry said on Wednesday.

Algeria has blocked Occidental Petroleum's deal to sell Anadarko assets in the country to France's Total .

"The energy ministry agreed for the maintenance of Anadarko Algeria Corporation in the association contract with Sonatrach and other companies," the ministry said in a statement.

Occidental Petroleum has informed the ministry of its new strategic approach and its "commitment to continuing Anadarko Algeria Corporation activities in Algeria," and it will seek new partnership opportunities, the statement said.

(Reporting by Hamid Ould Ahmed; Editing by Lisa Shumaker)