Petroleum Africa
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Thursday, February 15, 2018
The Algerian state-run firm, Sonatrach, and Italian services firm, Saipem, have agreed to settle their mutual differences amicably and have signed an agreement to put an end to litigations in course concerning the contract for the construction of a gas liquefaction plant in Arzew. According to a statement issued by Saipem, the agreement is the result of constructive dialogue and represents an important step forward in relations between the two companies.
The disputed contract was for the development of three trains of LPG, an oil separation unit (LDPH) and installations for the production of condensates in Hassi Messaoud (LPG); the contract for the realization of the LZ2 24” LPG pipeline (line and station) in Hassi R’Mel (LZ2); and the contract for the construction of a gas and production unit in the Menzel Ledjmet field on behalf of the association Sonatrach/FCP (MLE).
The two firms expressed their satisfaction at having reached a definitive agreement that puts an end to litigations that were detrimental to both parties.
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