VOL. XLIV

No 50

10-December-2001

ALGERIA

Sonatrach Signs 53.5Mn Loan WithBNP Paribas

Algerias state-owned oil companySonatrach signed a 53.3mn loan facility on 3 December for the extension andrenovation of pumping stations on the OK1 342 Haoudh El-Hamra to Skikda crudeoil pipeline, for which an engineering procurement and construction contractwas signed with ABB Lummus Global in mid-November (MEES, 18 June). Theloan, which will finance the purchase of goods and services of Italian origin,is...