Hydrocarbons: Sonatrach, Shell International Trading sign MoU

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ALGERIA- The National Hydrocarbons Company Sonatrach and Shell International Trading and Shipping Company Limited signed, on Thursday, a memorandum of understanding, to enable the companies to explore ways of cooperation on the supply and trade of hydrocarbons, Sonatrach said in a statement.

“Sonatrach and Shell International Trading and Shipping Company Limited signed, on April 1, 2021, a memorandum of understanding,” read the same communiqué.

This Memorandum of Understanding provides a “framework for companies to explore means of cooperation on the supply and trading of crude oil, natural gas and petroleum products as well as trade in environmental products”, the National Company highlighted.

The agreement will, also, allow the “two companies to discuss ways to reduce greenhouse gas emissions and improve carbon management practices,” the statement concluded.

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