Petroleum Africa
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Wednesday, April 12, 2017
Total and Sonatrach, Algeria’s state-run oil and gas firm, signed a comprehensive agreement strengthening the existing partnership between the two companies.
The agreement enables the two firms to expand their partnership by progressing new upstream projects, notably with a new contractual framework for the Timimoun project, continued joint operations for the TFT field under a new agreement, and joint development of a new project, as well as the amicable settlement of outstanding differences between the two companies.
The accord also enhances cooperation in other areas including exploration, petrochemicals, solar and international developments.
The agreement underscores the willingness of Total and Sonatrach to continue to work together to further develop and strengthen their historic partnership.
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