Sonatrach Signs Six Pipeline Contracts
The contracts with Algeria’s national oil company are worth $519.7 million and will create nearly 3,000 local jobs.
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The contracts with Algeria’s national oil company are worth $519.7 million and will create nearly 3,000 local jobs.
The agreement is aimed at strengthening cooperation.
The state-owned oil company is seeking to renew national reserves and preserve energy security.
The agreement consolidates the existing alliance between the two companies.
Operations resume after maintenance work at the plant.
Sonatrach and Eni have signed gas agreements following a high-level meeting in Algiers.
Sonatrach will deliver 2 mtpa of LNG to the French market.
The acquisition confirms Sonatrach’s position as a major and reliable supplier of Algerian gas.
The MoU will initiate discussions on exploration and development opportunities in Algeria.
The MoU will allow the companies to work on technology transfer in oil and gas.