Harbour Energy Reaches $11 Billion Deal for Wintershall Dea Assets ...Middle East

A day after Russia's President Vladimir Putin stripped Wintershall DEA and Austria's OMV of their multi-billion-dollar stakes in natural gas joint ventures in the Russian Arctic, the UK's Harbour Energy said it had reached an agreement with BASF and LetterOne to buy almost all of Wintershall Dea's upstream assets for more than $11 billion. The deal includes Wintershall's upstream assets in Algeria, Argentina, Denmark, Egypt, Germany, Libya, Mexico, and Norway. It also includes Wintershall's carbon dioxide capture and storage licenses in Europe.…

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