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....