Algeria's Sonatrach signs MoU with Statoil, BP to boost coop...| MENAFN.COM

Sunday, 25 September 2022 11:40 GMT

Algeria's Sonatrach signs MoU with Statoil, BP to boost cooperation

(MENAFN) A memorandum of understanding to boost ties was confirmed to have been signed by Algerian oil and gas company Sonatrach with the UK's BP and Norway's Statoil.

The MoU appears as part of Sonatrach efforts to strengthen relations with oil giants that began ten months ago when its chief executive position was awarded to Abdelmoumen Ould Kaddour.

The new chief executive has already found resolutions to a number of clashes with international companies, such as rows with Spanish Saipem, Italian Eni and French Total.

The objective behind the MoU is also believed to be pushing further investment and technology to come towards Sonatrach, driving stagnant output boost in oil and gas.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.