Sonatrach Signs New Exploration Accord with Mobil
Algeria's national oil company Sonatrach on 16 June signed an explorationagreement with Mobil Petroleum Algeria Inc., a wholly-owned subsidiary of MobilOil Corporation, for petroleum exploration in the 12,770 sq. km. Blocks Nos.415A, 416B, 424B and 433A located to the northeast of the Hassi Messaoud oilfield in east central Algeria near the city of Touggourt. Work in the firststage, at a cost of $4.8mn, will...