Middle East Economic Survey

VOL. L

No 16

16-Apr-2007

ALGERIA

Khelil Says Repsol And Partner To Cover Cost Of Gassi Touil Delay

Algerian Energy and Mines Minister Chakib Khelil on 9 April said Spains Repsol and Gas Natural would have to compensate for losses incurred as a result of a delay in the Gassi Touil LNG project, including the earnings lost by the state through missed LNG sales an amount that could prove to be sizeable. The $3bn integrated project is scheduled to come on-stream in 2009, but...