VOL. XLI

No. 27

6-July-1998

ALGERIA

Sonatrach And Amoco Sign Production-Sharing Agreement Covering New Gas Fields

Algeria's state-owned Sonatrach and Amoco Corp. of the US on 29 June signed a production sharing agreement covering the development of four gas fields in the In Amenas region, southeast of Hassi Messaoud. The 20-year agreement calls for $790mn to be invested and a $30mn signature bonus to be paid by Amoco when the agreement goes into effect. The agreement also covers...