bp announced that it has agreed to sell its upstream business in Algeria to Eni, including its interests in the gas-producing In Amenas and In Salah concessions.

Previously planned for January but later postponed, for technical reasons, the listing of Algerian pharmaceutical firm Biopharm has been rescheduled. In a statement published on February 22, Biopharm said subscriptions to its IPO would take place from March 13 to March 23, 2016.

The listing of the public mobile operator Mobilis, a subsidiary of Algeria Telecom (AT), on the Algiers Stock Exchange is "always on the agenda," CEO of AT Azouaou Mehmel said Friday.

ConocoPhillips, the world’s largest independent exploration and production company, today announced it has completed the transaction with Pertamina for the sale of its Algeria business unit for a total sales price of $1.75 billion, which resulted in proceeds of $1.65 billion, including customary adjustments.