bp: to sell its Algerian operations to Eni

(CercleFinance.com) - BP today announced that it has agreed to sell its upstream operations in Algeria to Eni, including its interests in the In Amenas and In Salah gas concessions.


BP has a 33.15% and 45.89% working interest in the In Salah and In Amenas projects respectively. Both are operated by joint ventures that are owned by bp, Equinor and Sonatrach.

bp said: that it has worked successfully with Algeria for nearly 30 years supporting operations on two major gas projects for the country. It believes that this agreement is a good outcome for both bp and Eni and for Algeria.


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