Algeria:LNG; Sonatrach, Total renew partnership agreement for additional 3 years
- 12 July 2020 / News / 220 / ABI 1
ALGIERS- National oil company Sonatrach and French group Total have concluded an agreement renewing, for additional three years, their partnership in the field of liquefied natural gas (LNG), the company said Thursday in a statement.
This agreement will supply the French market with Algerian LNG up to two (2) million tonnes / year, said the same statement, adding that deliveries will be made in priority to the LNG terminal at Fos Cavaou.
The two sides stressed the importance of this agreement which “is part of the long history of cooperation between Sonatrach and Total”.
Commenting on the agreement, Toufik Hakkar, CEO of Sonatrach said that “Sonatrach confirms its status as a reliable partner, respecting its contractual commitments and enjoying definite credibility on the international energy market”.
The quality of the relations between the two historic partners made it possible to conclude this agreement in an extremely volatile market context, noted the press release.
The agreement, thus, opens the way to deepening the partnership relationship between Sonatrach and Total in various fields in the mutual interest of the two parties, the same source concluded.
source: DZ BREAKING
ALGERIA-National economic development: Rezig for optimal promotion of incentive measures
- 13 January 2020
ALGIERS- Minister of Trade Kamel Rezig called the Algerian Trade and Industry Chamber (CACI) in France for an “optimal” promotion of incentive measures taken by the Algerian government for the develop...
Nigeria:AFD Launches N35bn Fund On Renewable Energy SEPTEMBER 17, 2020 AT 5:46:38 AM
- 18 September 2020
The facility is funded by AFD and the European Union Infrastructure Trust Fund (EU-ITF) to provide technical assistance to the Manufacturers Association of Nigeria (MAN), partner banks – Access Bank a...