Gazprom and Sonatrach ink MOU

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

Gazprom and Sonatrach have inked a Memorandum of understanding within the framework of a meeting between Viktor Khristenko, Industry & Energy Minister of the Russian Federation and Chakib Khelil, Energy & Mining Minister of Algeria.

The Memorandum opens way for deeper cooperation between the companies, identifying, among other things, the following major directions of further joint businesses in the oil & gas sector: geological exploration, production, transmission, gas transmission and distribution network development, asset swaps, natural gas and oil processing & marketing in Algeria, Russia and third countries.


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