SONATRACH and Chevron sign MoU on hydrocarbons opportunities in Algeria

SONATRACH and Chevron have signed a memorandum of understanding to initiate joint discussions on the opportunities concerning the exploration, development and exploitation of hydrocarbons in Algeria in particular following the promulgation of the new Algerian Hydrocarbons Law.

This memorandum of understanding confirms the will of the two parties to develop their partnership in the hydrocarbon industry in Algeria, which should allow mastery and transfer of technology and know-how in various segments of the oil and gas industry.

 

Source: Sonatrach

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