VOL. XXXIII

NO. 24

19-MARCH-1990

Algeria

Neste Oy Awarded E&P Contract in Algeria

Algeria's Sonatrach on 13 March signed an agreement with Finland's Neste Oyfor oil exploration in the El-Ouar region of southeastern Algeria, east of theRhourde Nouss gas field and north of the town of Tin Fouye. Neste will act asoperator during exploration in the area, which covers 4,822 sq. kms. Theagreement is for five years and includes a commitment by Neste to drill one wellduring the first three years and,...