Algerian state energy firm Sonatrach is in talks to purchase a stake in Mozambique offshore gas projects operated by Italy's Eni and Anadarko Petroleum Corp , its chief executive was quoted as saying on Tuesday. Sonatrach, seeking to expand its presence abroad, is also eying new gas blocks in the east African country, its chief Abdelhamid Zerguine was quoted as saying by the official APS news agency.Zerguine was speaking after signing a Memorandun of Understanding with the head of Mozambique's Empresa Nacional de Hidrocarbonets (ENH), Nelson Ocuane.Zerguine said Sonatrach was interested in buying part of a minority stake held by ENH in the offshore gas fields."We want to have a place, but on the Mozambican side," he said.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. Shares of APC fell by 0.46% or $-0.39/share to $84.12. In the past year, the shares have traded as low as $56.42 and as high as $89.20. On average, 3390450 shares of APC exchange hands on a given day and today's volume is recorded at 1499131.
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