VOL. XXXIX

No. 21

19-February-1996

ALGERIA

European Commission Approves Sonatrach-BP Gas Venture

The European Commission approved on 13 February the $3.5bn joint venture between Sonatrach and British Petroleum for the production and marketing of 10bn cu. ms./year of natural gas from the In Salah fields in southern Algeria. Plans call for the joint marketing of the gas in the European continent, particularly the southern states of Spain, Portugal and Italy, beginning in the year 2002.

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