{
  "id": 18105884,
  "title": "Mubadala-backed Moeve to sell Algerian oil assets to Pertamina",
  "url": "https://urgent.news/2026/11/04/mubadala-backed-moeve-to-sell-algerian-oil-assets-to-pertamina",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T09:57:50.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://www.privateequitywire.co.uk/mubadala-backed-moeve-to-sell-algerian-oil-assets-to-pertamina/"
  },
  "original_language": "en",
  "account": "Energy firm Moeve, owned mainly by the Mubadala investment fund from Abu Dhabi and supported by the private equity company Carlyle, has agreed to sell its Algerian oil properties to Pertamina, the Indonesian national energy corporation, according to a report from Reuters. The deal involves minority interests in three onshore oil fields - Rhourde el Khrouf, Bir el Msana, and Ourhoud - located in Algeria's Berkine Basin. The exact financial details of the sale have not been disclosed. This move reflects Moeve's ongoing shift away from oil production and towards businesses with lower carbon emissions, following earlier asset sales in Abu Dhabi and South America. The company, previously known as Cepsa, underwent a name change in 2024 as part of an €8 billion plan to focus on green hydrogen, biofuels, and other sustainable energy ventures. Carlyle owns about 38% of Moeve, while the remaining shares remain with the firm, which still operates refineries in Spain. Moeve plans to keep looking for possibilities in Algeria, particularly in the areas of renewable energy, green hydrogen, and chemicals.",
  "summary": "Spanish energy group Moeve, majority-owned by Abu Dhabi sovereign wealth fund Mubadala and backed by private equity firm Carlyle, has agreed to sell its Algerian oil assets to Indonesia’s state-owned energy company Pertamina, according to a report by Reuters.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}