No 44



Sonatrach Finalizes Oil, Gas Trading Agreements In Spain

Sonatrach announced on 26 October that it had finalized two partnership agreements in the Spanish oil and gas markets in September (MEES, 16 September 2002). Under the first agreement, Sonatrach and Cepsa have agreed to set up a 50:50 joint venture named Sonacep that will focus on oil trading crude oil options. Sonatrach also signed to take up a 30% stake in Cepsa Gas Trading, which until now was...