“Sonatrach staff will travel to the United States next week so as to hold talks with Exxon Mobil Corp executives for the sake to ink an agreement,” highlighted, on Tuesday, the company’s CEO Abdelmoumen Ould Kaddour in the city of Tamanrasset.
“We have already met them three times, this will be the fourth (time). I am positive there will be a result soon,” he said, without giving details.
On the other hand, the official pointed out that oil price of $75 a barrel will allow for investments in the sector.
“It will allow us to invest in the business, it allows us to explore and renew our reserves. But it is very volatile and we hope that it will continue to be at $75,” said the official.