Pertamina to Buy Conoco’s Algerian Unit for $1.75 Billion

Pertamina to Buy Conoco’s Algerian Unit for $1.75 Billion

Dadang Tri/Bloomberg

A worker inspects bottles of lubricant oil at Pertamina's lubricant production unit in Jakarta, Indonesia. Pertamina's acquisition of the three Algerian oil fields from ConocoPhillips would be the largest by announced value this year for the company.