VOL. XXXV

NO. 2

14-OCTOBER-1991

Algeria

Sonatrach Signs $60mn Exploration Agreement with Canadian Firms

Algeria's state-owned Sonatrach signed a $60mn oil exploration agreement on8 October with two associated Canadian companies, Encor Inc. and Norcen EnergyResources Ltd. The agreement is the 13th signed by Sonatrach with foreign companies since 1986 and the first since Algeria amended its 1986 hydrocarbons lawon 26 August to help foreign companies avoid paying double taxes (MEES, 26August, 2...