20 April 2024
Petroceltic closes Algerian sale amid $1.6 billion development plan
Publication date: 08 July 2014
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Irish independent Petroceltic has concluded the sale of a 18.37% interest in Algeria’s Isarene production sharing contract (PSC) to NOC Sonatrach, which exercised its pre-emption rights to buy the stake in July last year, swooping in after an unnamed major had agreed an SPA for the interest.