Petroleum Africa
Find us on: 
Tuesday, May 5, 2020
Algerian state oil concern Sonatrach and the Russian company Lukoil proceeded to the signing of a memorandum of understanding (MoU) to initiate discussions in order to identify the possibilities for the two parties to invest jointly in operations exploration and production of hydrocarbons in Algeria, following the promulgation of the new Algerian Hydrocarbons Law.
The memorandum of understanding also covers the examination of international exploration and production opportunities.
Lukoil is one of the largest vertically integrated oil and gas companies in the world, accounting for more than 2% of global oil production and approximately 1% of proven hydrocarbon reserves.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
