Statoil gains council's approval for farm-in
The Council of Ministers has given approval for Norway's Statoilto purchase 49 per cent of the 65 per cent equity stake held by the UK's BP in the In Salah gas field development, which came on stream in late July. The two companies originally agreed the $740 million deal in June last year but had to wait for approval from both Algiers and the EU, which granted regulatory approval late last year. The deal will come into effect when the council's decision is published ...
Subscriber access only
Sign In
- If you are a new, paid MEED subscriber accessing the site for the first time, please activate your account.
- If you are a registered user who would like to to enjoy unlimited access to MEED.com, click subscribe to purchase a subscription or contact Customer Service by email or by calling +971 (0) 4 368 1588.
- Alternatively, you may browse MEED.com as a registered user for free. Our quick registration will allow you to sample premium business intelligence which is otherwise only available to paying subscribers through our Editor's Choice section, sign up for newsletters and to set up a library of saved articles.
