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Sonatrach & PT Pertamina Sign Cooperation Agreement

Source: www.gulfoilandgas.com 12/21/2017, Location: Africa

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Sonatrach and the Indonesian company PT Pertamina (Persero) "PERTAMINA", proceeded at the headquarters of Sonatrach to the signing of a cooperation agreement, signed by Mr. Abdelmoumen OULD KADOUR, President Director General of Sonatrach and Mr. Massa MANIK, Chief Executive Officer of Pertamina.

The conclusion of this document confirms the will of Sonatrach and Pertamina to reinforce the existing partnership through the identification of new cooperation axes and to establish a favorable framework for the realization of the identified opportunities, in particular in the upstream and downstream oil.

This agreement also defines the lines of cooperation jointly agreed by the two national companies and specifies the mechanisms for their implementation in Algeria and Indonesia as well as in other third countries.

In addition, the Memorandum of Understanding also includes the exchange of information and know-how in segments of the hydrocarbon chain, particularly in the field of hydrocarbon research and development and transformation.

The conclusion of this agreement is an extension of the discussions initiated by Sonatrach with all of its partners for the development of cooperation and partnership.

As a reminder, Pertamina is a partner with Sonatrach on MLN (Menzel Ledjmet Nord-El Merk and Ourhoud).

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