ALGERIA

 

Sonatrach Accelerates Shale Studies

Building on its agreement last April with Italy’s Eni, Algeria has signed a deal with Canada’s Talisman to study the country’s shale gas resources and is in talks with both Shell and ExxonMobil to conclude similar arrangements, says CEO of state-owned Sonatrach, Abd al-Hamid Zerguine. An initial Memorandum of Understanding (MOU) with Shell covering shale gas studies in the central Moudire Basin...