Exxon, Algeria Talks Stall on Unrest

摘要

Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of unrest, industry sources said, the first economic fallout from the almost month-long anti-government protests. Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern Ahnet Basin, the sources close to the discussions said. The talks were part of a deepening of ties between the two companies that followed Sonatrach’s acquisition last May of Exxon’s Augusta refinery in Sicily, Italy.