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Algeria creating roadblocks for Total
May 27, 2019

Algeria creating roadblocks for Total

Energy Minister of Algeria has informed that Algeria will block Total's acquisition of Anadarko's assets. He said, "Our ministry has contacted Anadarko to get explanations on this information, but so far we got no answer. It means there is no contract between Total and Anadarko." It was decided that if Occidental successfully takes over Anadarko, it will sell some of Anadarko's assets to Total for $8.8 billion.

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