VOL. XLVI

No 47

24-November-2003

ALGERIA

Sonatrach Forms Joint Venture With AMPTC Focused On LPG

Sonatrach announced on 22 October it had formed a 50:50 joint venture with the OAPEC-sponsored Arab Maritime Petroleum Transport Company (AMPTC) focused on the tankering and floating storage elements involved with the supply of Algerian LPG into the Suez market. According to Sonatrach, the new venture will allow the Algerian company to place additional volumes of LPG into this market in new term...