Gulf Oil and Gas accountACCOUNT

Algeria Won't Extend Crude for Products Deal with Vitol beyond April

Source: 4/24/2019, Location: Africa

Sonatrach has decided not to extend its crude-for-oil products deal with trading house Vitol that ends this month. The move comes as Sonatrach’s 175,000 barrel per day (bpd) Italian oil refinery, which it acquired from U.S. major Exxon Mobil last year, returns from maintenance. The maintenance began on Feb. 21 and is scheduled to last for 45 days. The Vitol deal, which started in February last year and was due to end in December, was extended until the end of April. Under the agreement, Vitol takes up to 2 million barrels of crude per month from Sonatrach and provides refined products to the Algerian firm.

Natural Gas News in Algeria >>

Russia >>  11/6/2019 - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Georg Graf Waldersee, Commissioner of the Federal Governmen...
Georgia >>  10/30/2019 - Block Energy Plc, the exploration and production company focused on the Republic of Georgia, is pleased to announce it has entered into a gas sales ag...

Morocco >>  10/30/2019 - Sound Energy has signed a memorandum of understanding for the sale of the Company's natural gas production in the Tendrara concession in Eastern Moroc...
Iran >>  10/28/2019 - Iran is considering liquefied natural gas (LNG) projects in order to generate more revenues from its abundant natural gas reserves. ...

Related Categories: Coal  Electricity  General  Natural Gas  Oil 

Related Articles: Coal  Electricity  General  Natural Gas  Oil 

Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2019 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.