ALGERIA

Italy’s Enel May Exit Algeria’s Upstream

Italy’s Enel may follow RWE as the next European power utility to sell off interests in upstream assets in North Africa. The company is considering a sale of assets that would generate up to €1bn ($1.1bn), according to a Bloomberg report.

The company’s key upstream assets are in Algeria, where the firm has aggressively expanded in recent years.

A spokeswoman for Enel declined to comment on the report. However,...