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Sonatrach & Saipem Announce Have Settled Their Major Dispute

Source: www.gulfoilandgas.com 2/14/2018, Location: Africa

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Sonatrach and Saipem have decided to amicably settle their differences and have signed an agreement to put an end to the ongoing procedures concerning the contract for the construction of a gas liquefaction plant at Arzew (the LNG3Z train), the contract for the construction of three LPG trains, an oil separation unit (LDHP) and condensate production facilities in Hassi Messaoud, the contract for the construction of the LPG LZ2 pipeline 24 '' (Line and station) in Hassi R'Mel and the contract to build a gas and oil production unit on the Menzel Ledjmet field on behalf of the SONATRACH / FCP association.

This agreement is the result of a constructive dialogue and represents an important step in the relations between the two companies.

Sonatrach and Saipem expressed their satisfaction at having reached a definitive agreement that puts an end to a dispute that is detrimental to both companies.

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