VOL. XLV

No 31

5-August-2002

ALGERIA

NewEnergy Firms Set Up With International Partners

Two newenergy-related companies have been established recently in Algeria.Halliburton, the USoilfield service company, and ENSP, a subsidiary of Sonatrach,have set up a 60-40 partnership (respectively) to form a new company, Baroid Algerie de Services aux Puits (BASP), which will specialize in oilfield drillingfluids. The new firm, capitalized at AD1.024bn, will take over the drillingfluids activities of ENSP...