UAE-Controlled Moeve Sells Algerian Upstream Assets

OilPrice.com · Michael Kern · 2026-11-04 14:30 UTC

Spain's Moeve, majority owned by Mubadala, agreed to sell its Algerian oil and gas fields to Pertamina units, exiting upstream globally.

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Spanish energy firm Moeve has agreed to sell its upstream oil and gas assets in Algeria to units of Indonesia’s state energy firm Pertamina in a deal that sees Moeve, majority owned by Abu Dhabi’s fund Mubadala, exiting the upstream business globally.

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