BOLDEN African News · Tuesday 3 November 2026
Moeve agrees to sell its Algerian oil field stakes to Indonesia's Pertamina
Spanish energy group Moeve, formerly Cepsa, has agreed to sell its stakes in three onshore fields in Algeria's Berkine Basin (Rhourde el Khrouf, Bir el Msana and Ourhoud) to PT Pertamina Algeria Eksplorasi Produksi, part of Indonesia's Pertamina. These are Moeve's last exploration and production assets in Algeria. The price was not disclosed, and each transfer needs approval from the Algerian authorities.
Why it matters
An Asian state oil company taking over the stakes of a departing European producer shows who is now putting money into North African upstream assets.
Sources: El Estrecho Digital, TSA Algérie · 4 November 2026