Middle East Economic Survey

VOL. XLVIII

No 52

26-December-2005

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ALGERIA

Sonatrach And Cepsa Sign 1.6BCM/Year Medgaz Deal

Sonatrach and Spains Cepsa on 17 December signed a 20-year sales and purchase agreement for the Spanish firm to receive 1.6bcm/year via the planned Medgaz pipeline that will run across the Mediterranean Sea between Algeria and Spain. Several European companies are party to the 8-10bcm/y gas pipeline, on which construction is expected to start in 2006-07, but only Cepsa and...