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    Reuters: Anadarko Not in Talks to Sell Mozambique Assets -CEO

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Summary

CEO of Anadarko Petroleum Al Walker has said that the company is not in talks to sell its stake in a massive liquefied natural gas project in Mozambique

by: Erica Mills

Posted in:

Press Notes, Africa

Reuters: Anadarko Not in Talks to Sell Mozambique Assets -CEO

Anadarko Petroleum Corp is not in talks to sell its multibillion-dollar stake in Mozambique's gas reserves and instead is working toward a final investment decision on the planned liquefied natural gas (LNG) project there, the company said on Tuesday.

"As it relates to Mozambique, we're not in discussions with anybody," Al Walker, Anadarko's chief executive officer, said in response to a question on the company's earnings call. "We've never hired a banker to run a process."

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