Middle East Economic Survey

VOL. XLIX

No 12

20-March-2006

ALGERIA

Strategic Partnership Agreement Signed With South Korea

Algeria on 12 March signed a strategic energy cooperation agreement with South Korea during a visit to Algiers by South Korean President Roh Moo-hyun. The accord covers crude oil storage, gas exports and renewable energies. Last year Sonatrach started sending Saharan Blend crude to storage facilities in South Korea, having signed a heads of agreement (HOA) with Korea National...