PTTEP completed acquisition of a 34% stake in E&E Algeria Touat.

Synopsis

PTTEP, a national oil company that conducts business in petroleum exploration, development and production, completed acquisition of a 34% stake in E&E Algeria Touat, the only remaining upstream investment for ENGIE. Financial terms were not disclosed.

Principals

target

E&e Algeria Touat B.v.

bidder

Ptt Exploration And Production Public Company

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Market Context