BIGGEST INVESTMENT IN MOZAMBIQUE

BIGGEST INVESTMENT IN MOZAMBIQUE

Anadarko Petroleum makes huge investment in Mozambique despite market uncertainties. These energy investors have committed US $25 billion into the development of a LNG facility off the coast of Mozambique. Anadarko Petroleum will finance the project with US $11 billion in equity and US $14 billion in debt. Click on the floating icon on the right to subscribe. More so, please share, Follow us on Twitter and don’t forget to also like us on Facebook. Read more on investment…

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CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

CHEVRON SEALS DEAL TO ACQUIRE ALGERIAN OIL FIRM

Chevron acquires Algerian oil firm – Anadarko Petroleum American multinational energy corporation – Chevron, have recently signed a deal to buy Algerian oil firm – Anadarko Petroleum. The final terms of agreement entails that Chevron will acquire all of Anadarko Petroleum outstanding shares; in a stock and cash transaction valued at US$33 billion, or US$65/share. Anadarko petroleum is Algeria’s largest foreign oil producer, it also has operations in Ghana, Mozambique and South Africa. On completion of the acquisition; shareholders of…

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