Middle East Economic Survey

VOL. L

No 46

12-November-2007

ALGERIA

Sonatrach And Portugals EDP Sign Strategic Partnership Agreement

Algerias state-owned energy firm Sonatrach has formed a strategic partnership with Energias de Portugal (EDP), the countrys largest electricity company and the fourth-largest supplier in Spain. The announcement by EDP had been expected since April when Sonatrach signed a memorandum of understanding (MOU) with EDP, after raising its shareholdings in the Portuguese firm...