{
  "id": 18303636,
  "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-18303636",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-04T09:57:50.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://privateequitywire.com/news/mubadala-backed-moeve-to-sell-algerian-oil-assets-to-pertamina"
  },
  "original_language": "en",
  "account": "Moeve, a Spanish energy group majority-owned by Abu Dhabi sovereign wealth fund Mubadala and supported by private equity firm Carlyle, has reached an agreement to sell its Algerian oil assets to Indonesia's state-owned energy company Pertamina, according to a Reuters report. The sale includes minority stakes in the Rhourde el Khrouf, Bir el Msana and Ourhoud onshore oil fields in Algeria's Berkine Basin. The financial details of the deal were not made public. This move represents another phase in Moeve's shift away from oil production towards more environmentally friendly sectors. Following earlier asset sales in Abu Dhabi and South America, the company has been rebranding since 2024 to emphasize its green hydrogen, biofuels and other sustainable energy investment strategy. Carlyle reportedly holds around 38% of Moeve, while the company still operates refining businesses in Spain. Looking ahead, Moeve plans to continue exploring prospects in Algeria, particularly in 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. The transaction reportedly covers minority stakes in the Rhourde el Khrouf, Bir el Msana and Ourhoud onshore oil fields in Algeria’s…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Private Equity Wire",
        "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",
        "published": "2026-11-04T09:57:50.000Z"
      }
    ]
  },
  "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."
}