Middle East Economic Survey

VOL. LII

No 49

7-Dec-2009

ALGERIA

Gassi Touil Arbitration Verdict Leaves Both Sides Without Compensation

The arbitration tribunal on the dispute between Algerias state-owned Sonatrach and its former partners Repsol and Gas Natural on their planned $6bn Gassi Touil integrated upstream gas and LNG project has declared neither side is to be awarded compensation. Sonatrach cancelled Repsol and Gas Naturals involvement in the project in September 2007 after a series of...