Algeria’s Sonatrach signs MoU with Eni, Total

The National Hydrocarbons Company, Sonatrach, proceeded, on January 31st, 2021, to ink with its Western partners, namely; Eni, and Total a Memorandum of Understanding with a view to enhancing their relations and their historic partnership in the perimeter contract located in blocks 404 and 208 of the Berkine Basin.

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Sonatrach: More than 1,100 contracts signed with national companies in 2020

The National Hydrocarbons Company, Sonatrach, proceeded, on January 31st, 2021, to ink with its Western partners, namely; Eni, and Total a Memorandum of Understanding with a view to enhancing their relations and their historic partnership in the perimeter contract located in blocks 404 and 208 of the Berkine Basin.

As part of the framework of the existing partnership relations, this Memorandum of Understanding is with the aim to draw up a roadmap for the conclusion of a hydrocarbons contract in the Berkine Basin, under the aegis of the new system governing hydrocarbon activities.

The parties will use the means and resources to achieve this objective.

This agreement reflects Sonatrach and its partners willingness to further boost their traditional relationships and develop their cooperation through the search for new partnership opportunities.

energymixreport

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