VOL. XLII

No. 19

10-May-1999

YEMEN/ALGERIA

Sonatrach Farms Into Agip Exploration Concession In Yemen

Algeria痴 Sonatrach announced on 4 May that it has signed anagreement with the Agip Exploration BV, a subsidiary of the Italian energygroup ENI, whereby Sonatrach will acquire a 40% stake in ENI痴 block 3 (Jardanarea) in Yemen. Meanwhile, ENI is currently negotiating with the Yemeniauthorities for block 2 (al-Mabar), which Sonatrach has also expressed aninterest in farming into. According to the...