Middle East Economic Survey

VOL. XLVIII

No 38

19-September-2005

ALGERIA

Amerada Hess To Invest Further $400Mn In Gassi El Agreb Oil Recovery Project

US-based Amerada Hess will invest a further $400mn in the Gassi El Agreb (GEA) redevelopment project, operated by SonaHess, a joint operating company of Amerada Hess (49%) and Sonatrach (51%). This investment was approved in August 2004 in order to implement the second phase of the redevelopment project. It will cover new facilities to provide for gas...