VOL. XL

No. 29

21-July-1997

ALGERIA

Argentina's Pluspetrol Farms Out Interest In El Guelta North Block To YPF And Sasol

The Algerian Government approved on 9 July an amendment to the production sharingagreement between Sonatrach and Argentina's Pluspetrol Energy SA to allow the latter totransfer 45% of its share in the Guelta North Block to the Argentine firm YacimientosPetroliferos Fiscales (YPF), and the South African company Sasol. Sonatrach and Pluspetrolsigned a production sharing contract...