Middle East Economic Survey

VOL. XLVII

No 47

22-November-2004

ALGERIA

Repsol, Gas Natural Awarded Gassi Touil Integrated Gas Project

Spains Repsol YPF and Gas Natural announced on 17 November they had been jointly awarded the contract to carry out the $3bn Gassi Touil integrated gas project, the largest package of foreign investment in Algeria and the first ever integrated gas project in the country. It involves the joint exploration and production of gas and condensates from the Gassi Touil area...