# UAE-Controlled Moeve Sells Algerian Upstream Assets

- Source: OilPrice.com
- Published: 2026-11-04T14:30:00+00:00
- Category: Markets
- Original: https://oilprice.com/Latest-Energy-News/World-News/UAE-Controlled-Moeve-Sells-Algerian-Upstream-Assets.html
- Canonical: https://groundlevelnews.com/story/uae-controlled-moeve-sells-algerian-upstream-assets-d1bc21/

Spanish energy firm Moeve has agreed to sell its upstream oil and gas assets in Algeria to units of Indonesia’s state energy firm Pertamina in a deal that sees Moeve, majority owned by Abu Dhabi’s fund Mubadala, exiting the upstream business globally. Moeve, which rebranded from Cepsa in 2024 “to drive the energy transition towards a more sustainable future,” is nearly 62% owned by Mubadala, the s

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