Moeve Agrees to Sell Algerian Assets

Spanish energy firm Moeve has agreed to sell its Algerian oil assets to Indonesias Pertamina. The transaction completes the companys strategic withdrawal from upstream oil production. Moeve will now focus entirely on low-carbon businesses.

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FILE PHOTO: Logo of Moeve is seen at a petrol station, in Ronda, Spain, July 7, 2025. REUTERS/Jon Nazca/File Photo

Moeve agreed to sell its upstream Algerian oil assets to Pertamina on Wednesday, completing its withdrawal from oil and gas exploration.