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FinancialNews


  • 11-03-19

    Algeria's Sonatrach in talks for hydrocarbon projects

    (MENAFN) Algeria's oil giant Sonatrach is currently negotiating with international companies the possibilities of tapping into hydrocarbon projects in Algeria.

    U.S. oil firm Chevron entered talks with the Algerian company following the conclusion of discussions with ExxonMobil on mining and production projects.

    Sonatrach confirmed that talks were carried out on the sidelines of the Algerian-American Energy Forum, where both sides reached a deal to convene again on April in Algiers.

    It added that "the second petroleum institution in the US is interested in the exploitation and production of traditional and non-traditional resources."

    MENAFN1103201900450000ID1098234581

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