Middle East Economic Survey

VOL. XLVIII

No 32

8-August-2005

Algeria

Sonatrach To Acquire Three Crude Carriers

Sonatrach is to acquire three crude carriers in partnership with the American Eagle Transport (AET)-Mitsui OSK Lines joint-venture. The US-Japanese partnership won the bidding offer on 31 July to acquire and charter, in partnership with Sonatrach, three crude carriers: a 2mn barrels Very Large Crude Carrier (VLCC), a 1mn barrels SuezMax, and a 100,000 tons (equivalent to 785,000 barrels)...