Rumours from Sonatrach Managers that a deals being done behind closed doors and will close in Q4
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Post ID: @2izp+179m81Tf
LOL
I thought it was just me who thought that those daily spams were patronising to say the least
Not having Occidental in Algeria would be favourable to all concerned
SH/The Algerian State very rarely play out these kind of things in the public domain as it prevents them getting the side deals done efficiently and as the military are effectivly in charge, they dont give a sh– about how it looks just so long as the frogs are not involved
The only communication is daily spam like a Garfield comic strip from a guy who hasn’t even stepped foot in Algeria yet
There is nothing better than being told what you’re doing wrong from a guy who knows nothing about the asset
Attar (Algeian's Energy Minister) is a former Sonatrach CEO after something like 18 or 19 years there and Algeria is currently hold the rotation of OPEC presidency. If a deal is close, he will be involved and have a strong say. Considering how much drama surrounded Total deal. I expect this will not be a rumor type deal behind closed doors. Instead, pretty open because the gov't will have to approve the deal and make sure its favorable to Algeria.
It has been reported in the past. https://www.oilandgasvisionjobs.com/news-item/oxy-reportedly-in-talks-to-sell-4-5bn-energy-assets-to-pertamina
Seems possible.