EXCLUSIVE: BP eyes sale of major Algerian gas plant deep in the Sahara desert after Rosneft talks fail - sources by ronbousso1 dmitryZ_reuters
FILE PHOTO: The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo
The sale is politically sensitive for BP and its partners, Norway’s Equinor and Algerian state-owned Sonatrach, in the wake of the January 2013 attacks when gunmen raided the site and 40 employees died after a four-day siege. The collapse in the discussions with Rosneft, in which BP itself holds a 19.75% stake, were partly a result of Equinor’s reluctance to partner with the Russian company, which faces U.S. sanctions, the sources who were close to the discussions said.
Security at Algeria’s southern oil and gas facilities has improved in recent years due to a boosted military presence.
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