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...
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