KEYFACT Energy
SONATRACH has signed two Memoranda of Understanding (MoU) with the Russian company Zarubezhneft and the Turkish company Turkiye Petrolleri Anonim Ortakliôi (TPAO).
These two agreements “will allow to initiate joint discussions on the opportunities concerning the exploration, development and exploitation of hydrocarbons in Algeria in particular following the promulgation of the new Algerian law on Hydrocarbons”, according to a spokesperson for SONATRACH.
These agreements will allow, in particular, "the revival of the Exploration activity in partnership and a fair sharing of risks in this capital activity".
KeyFacts Energy: Sonatrach Algeria country profile