SONATRACH explained Tuesday the procedures associated with Algerian gas exports abroad, reiterating in a note that all long-term gas sales were governed by supply contracts subject to the principle of "Take or Pay".
As part of the implementation of the Memorandum of Understanding signed in Algiers on 25 April 2019 between SONATRACH and ENI, the parties confirmed on May 16, 2019 their respective will to continue their long-term cooperation and partnership in the field.
The national oil company, SONATRACH, will continue to place the partnership with international companies wishing to invest in Algeria, at the center of its development strategy, said its CEO, Rachid Hachichi.
Sonatrach's relations with its partners "continue in a normal way," the Vice President of Marketing Activities of the National Oil Company, Ahmed El-Hashemi Mazighi, said in an interview with APS on Monday.
The Isarene Group (Incorporated by SONATRACH, Petroceltic and Enel) and PETROFAC International (UAE) LLC today signed an EPC contract for the development of the AIN TSILA gas field located in the ISARENE perimeter, 160 km northwest of Illizi wilaya.
The national SONATRACH company, in partnership with the Directorate of Training and Vocational Education of the wilaya of Ouargla, launched on Monday the first promotion of pipeline welding training for young people in the region.
The Sonatrach Group signed an agreement Monday in Algiers with the oil companies BP (United Kingdom) and Equinor (Norway), for the exploration and development of unconventional resources in the basins of southwestern Algeria, said the group in a statement.