VOL. XXXIX

No. 40

1-July-1996

ALGERIA

Sonatrach Establishes Company For Downstream Development

Sonatrach, Algeria's state-owned hydrocarbons company, announced on 19 June that it has established a new company to oversee the expansion of the country's downstream oil and gas industries. Groupe Raffinage et Chime des Hydrocarbures (GRC) is a shareholding company with a capital of AD100mn ($1.9mn). Sonatrach said that GRC has "a mission of strategic planning, control, coordination and...