Wintershall Dea to acquire a 11.25% stake in the Algerian Reggane Nord gas project from Edison.

Wintershall Dea, an independent natural oil and gas company, agreed to acquire a 11.25% stake in the Algerian Reggane Nord gas project from Edison, an Italian energy operator. Financial terms were not disclosed. “Algeria holds great potential for natural gas production and future energy projects. That is why we want to grow our presence in Algeria and contribute to the development of its energy sector. Increasing our interest in the Reggane Nord project is a first step," Dawn Summers, Wintershall Dea COO and Board Member of Middle East and North Africa.