Sonatrach issued the following announcement on March 16.

Energy: signing of a memorandum of understanding between SONATRACH and Chevron (APS)

The national hydrocarbon company (SONATRACH) and the American oil company Chevron have signed a memorandum of understanding to initiate joint discussions on partnership opportunities in the hydrocarbon industry, a statement said on Monday. from SONATRACH.

The memorandum, concluded on March 12, concerns "the opportunities for exploration, development and exploitation of hydrocarbons in Algeria, in particular following the promulgation of the new Algerian law on hydrocarbons", said the same. source.

"This memorandum of understanding confirms the will of the two parties to develop their partnership in the hydrocarbon industry in Algeria, which should allow mastery and transfer of technologies and know-how in various segments of the oil and gas industry" , adds the press release. (APS)

Original source: https://sonatrach.com/actualites/energie-signature-dun-memorandum-dentente-entre-sonatrach-et-chevron-aps

Original source can be found here.