VOL. XLIV
No. 22
28-May-2001
ALGERIA
Sonatrach And Sonelgaz Launch Joint Gas And Power Investment Venture
Algerias state-owned Sonatrach and Sonelgaz established on 23 May a 50/50 joint venture called Algerian Energy Company (AEC) to seek investment opportunities in the country and abroad in the fields of electricity generation, transmission and distribution, and the transportation and distribution of gas (MEES, 4 December 2000). AEC, capitalized at AD200mn ($2.5mn), will allow the two firms to...
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