Middle East Economic Survey

VOL. XLVIII

No 24

13-June-2005

algeria

Sonatrach Awards Construction Contract For Stage One Of Medgaz Pipeline

Sonatrach on 4 June signed a contract with Algerian-Spanish joint venture Cosider-Masa for the construction of the first stage of the Medgaz pipeline project. The contract is worth AD7.14bn ($100mn) and calls for the building of a 320km pipeline between Hassi RMel in central Algeria and Sougueur near Tiaret, where gas from the pipeline will also feed a Sonelgaz...