VOL. XXXVII
NO. 39
27-JUNE-1994
Algeria
Sonatrach And Other Algerian Companies Set Up Project Development Company
Sonatrach (35%), Sonelgas (20%), BEA (15%), CAAT (15%) and CCR (15%) on 14June signed an agreement to set up a joint-stock company which will preparefeasibility studies and draw up plans and technical specifications for industrial projects. The new company, ENEP, is capitalized at AD75mn ($2.1mn). Itwill be managed by an eight-member board of which three will be nominated bySonatrach....
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