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Pertamina Sign Mou between Algerian NOC, Sonatrach

Source: www.gulfoilandgas.com 6/6/2012, Location: Africa

PERTAMINA and the Algerian National Oil Company SONATRACH have proceeded to a signature of a Memorandum of Understanding during the 25th World Gas Conference at Kuala Lumpur in the presence of Mr. Youcef YOUSFI, the Minister for Energy and Mining and Mr. Abdelhamid ZERGUINE, the President Director General of SONATRACH.

This Memorandum defines the axis of cooperation agreed jointly by the two national companies and details the mechanisms of its implementation in Algeria, in Indonesia as well as in other countries. It includes the exchange of expertise and knowledge in various segments of the hydrocarbon chain especially in the domain of Research and Development.

SONATRACH and PERTAMINA have also agreed to exchange information on the gas industry and its derivatives as well as the opportunities for cooperation in this domain.

The two companies have in this manner expressed by this signature, their wish and determination to cooperate and strengthen their relations.

This Memorandum was signed on behalf of SONATRACH by Mr. Kamel Eddine CHIKHI, the Corporate Director for Partnerships, and by Mr. Afdal BAHAUDIN, the Director of Investment Planning & Risk Management of PERTAMINA

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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