VOL. XXXIV

NO. 33

20-MAY-1991

Algeria

Total/Sonatrach to Invest $500mn in Gas Field Development

Algeria's Sonatrach and the Total group of France have signed an agreementfor the joint development of the Hamra gas field, located to the southeast ofthe Hassi Messaoud oilfield, at a cost of around 3bn French Francs ($517mn).Under the agreement, signed on 12 May, Total will advance to Sonatrach the fundsnecessary for the development of the field and the installation of productionfacilities for...