VOL. XLIII

No. 13

27-March-2000

ALGERIA

BP Amoco To Expand Algerian Presence With Arco Acquisition

BP Amoco (BPA) is "within weeks" of gaining approval from the US Federal Trade Commission (FTC) for its acquisition of Atlantic Richfield Company (Arco), according to Sir John Browne, BPAs chief executive. The sale of Arcos Alaskan businesses to Phillips Petroleum has cleared the way for the FTC to approve the deal. "With these major disposals we believe we have addressed the anti-trust concerns of...