Middle East Economic Survey

VOL. XLVIII

No 33

15-August-2005

ALGERIA

Sonatrach And Statoil Sign Cooperation Deal

Algerias state-owned Sonatrach and Norways Statoil on 4 August signed a memorandum of understanding (MOU) under which the companies will develop cooperation in two areas. A Statoil statement said they would investigate the possibility of an integrated LNG project in Algeria, from exploration and development (based on proven gas reserves) to the commercialization of gas for the North...