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Monday, January 8, 2018
Sonatrach, Algeria’s state-run oil and gas firm, is considering spreading its international reach once again with a possible investment in the Middle East. The firm is studying the possibility of investing in Iraq’s oil and gas sector, according to a statement from the Iraqi oil ministry.
The statement from the Ministry comes as Algeria’s Energy Minister, Mustapha Guitouni, was in Iraq with a delegation to hold meetings with Iraqi energy companies.
The statement from cited comments by Iraqi Oil Minister Jabar al-Luaibiwho said the meetings were to “achieve concrete steps toward sealing a cooperation agreement with Sonatrach,” mentioning specifically projects to develop Iraq’s gas wealth.
Guitouni expressed hope of strengthening cooperation in oil exploration and natural gas, the Iraqi Ministry statement said.
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