ALGERIA
Barter Deal for Construction Machinery
Komatsu of Japan has concluded an agreement with Algeria's national oil company Sonatrach and the state-owned company for construction equipment Sonacome under which the Japanese company will barter $42mn worth of construction machinery for crude oil. In exchange for the machinery - which includes bulldozers, motor graders and dump trucks and is to be delivered by October - the Japanese trading house Nichimen, acting as intermediary,...
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