LUKOIL and Sonatrach Signed MOU

Source: www.gulfoilandgas.com 8/4/2006, Location: Africa

OAO LUKOIL and Sonatrach signed Memorandum of Understanding in Moscow. The Memorandum deals with issues of mutual cooperation in the area of exploration and oil-gas field development, petroleum refining.

The Memorandum was signed during the meeting of Victor Khristenko, Minister of Industry and Energy of the Russian Federation and Shakib Helil, Minister of Energy and Mines of Algeria, who is currently staying on a working visit in the Russian Federation.

The Memorandum stipulates that the Parties will contribute to mutual cooperation, while developing projects in the area of hydrocarbon search, exploration and development, refining and marketing of liquid hydrocarbon, and exchange of experience.

The signing of the Memorandum came as a final result of a series of negotiations between LUKOIL and Sonatrach, in the course of which potentials of bilateral cooperation both in Algeria and Russia and in other countries were being discussed.

At the present time, with due account for strategical importance of the North African region LUKOIL is engaged in opening its representation office in Algeria


Netherlands/Holland >>  7/1/2022 - Royal Boskalis Westminster N.V. (Boskalis) has taken note of the press release issued by HAL Holding N.V. (HAL) on 24 June 2022 in which it formally a...
Nigeria >>  7/1/2022 - Further to the Company's announcement on 3 May 2022, San Leon, the independent oil and gas production, development and exploration company focused on ...

Norway >>  7/1/2022 - Reference is made to the stock exchange announcement made by PGS ASA (“PGS” or the “Company”) on 29 June 2022 regarding a subsequent offering (the “Su...
United Kingdom >>  7/1/2022 - Tower Resources plc, the AIM listed oil and gas company with its focus on Africa , announces the following issue of warrants to Directors and a consul...

United Kingdom >>  7/1/2022 - In accordance with the Disclosure Guidance and Transparency Rules ('the Rules'), we notify the market of the following:
As at 30 June 2022 the i...

Bermuda >>  6/30/2022 - Borr Drilling Limited refers to its previous communication regarding its ongoing negotiations with creditors to reach mutual agreements to refinance a...

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  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.