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Total becomes one of the world's largest LNG producers

French oil company Total has reached agreement to buy highly-courted Anadarko Petroleum's Africa assets in a deal worth nearly USD 9 billion. The company will become the world's second-largest oil company to sell LNG, says Wood Mackenzie.

Photo: Bloomberg

France's Total is now buying large parts of much sought-after Anadarko Petroleum, which has long been an acquisition target.

In a press release, the oil company informs it has entered a binding agreement with Occidental Petroleum to take over Anadarko's Africa assets at a total price of USD 8.8 million.

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