Natural Gas & LNG News • 12 hours Ago
Oxy Promises Bigger Algerian Operation
Unable to sell the asset to Total, Oxy is now committing to more operations in a new key area: Algeria, according to its national oil company.
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Unable to sell the asset to Total, Oxy is now committing to more operations in a new key area: Algeria, according to its national oil company.
It also maintained financial flexibility amid a weak commodity price backdrop, refinancing a loan and exiting the quarter with cash of $6,891,000 and net debt of $8,466,000.
The Channel Islands-registered producer is keeping operations ticking over.
The carrier is the fifth to come under the management of Nakilat this year as part of the second phase of its fleet management transition programme.
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