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  • 13-12-18

    Algeria's Sonatrach signs 2 pacts on liquid fuel transport supply

    (MENAFN) Algeria's Sonatrach and Russia's Transneft were reported to have secured two agreements on the supply of liquid fuel transport.

    The Algerian energy giant inked the first 18-month agreement at a value of USD1.32 million with the Russian transport company, while the second 6-month pact was signed at 331,709 euros.

    Sonatrach's plan is targeting the "developing profitable partnerships with foreign companies, in order to acquire know-how and new technology," stated the giant's CEO Abdelmoumen Oul Kaddour.

    Kaddour further added: "we are hoping that these two contracts are just the beginning of a long history of partnership between Sonatrach and Transneft."

    MENAFN1312201800450000ID1097824386

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