VOL. XLVI

No 42

20-October-2003

ALGERIA

Eni Sells Medgaz Stake To Iberdrola

Italys Eni has sold its 12% stake in the Medgaz consortium to Spains Iberdrola, according to a statement from Medgaz on 30 September. The change in ownership will create the following shareholding structure: Cepsa (20%), Sonatrach (20%), BP (12%), Total (12%), Endesa (12%), Gaz de France (12%) and Iberdrola (12%). The construction of the Medgaz gas pipeline, which will link Algeria's western port of Beni-Saf and Almeria in...