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...
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