Gulf Oil and Gas accountACCOUNT

Signature of MoU between Sonatrach and Lukoil

Source: www.gulfoilandgas.com 5/4/2020, Location: Africa

SONATRACH and the Russian company LUKOIL proceeded to the signing of a memorandum of understanding (MoU) to initiate discussions in order to identify the possibilities for the two parties to invest jointly in operations exploration and production of hydrocarbons in Algeria, following the promulgation of the new Algerian Hydrocarbons Law.

The memorandum of understanding also covers the examination of international exploration and production opportunities.

LUKOIL is one of the largest vertically integrated oil and gas companies in the world, accounting for more than 2% of global oil production and approximately 1% of proven hydrocarbon reserves.

Exploration News in Algeria >>

Norway >>  7/8/2020 - Equinor and its licence partners Source Energy AS and Wellesley Petroleum AS have discovered gas and condensate in exploration well 30/2-5 S Atlantis....
Oman >>  7/5/2020 - Tethys Oil is pleased to announce that the Government of the Sultanate of Oman and Tethys Oil has entered into an Exploration and Production Sharing A...

Russia >>  7/2/2020 - Gazprom Neft and Zarubezhneft have signed a binding agreement on establishing a joint venture for exploration and production of hard-to-recover oil re...
Trinidad and Tobago >>  7/2/2020 - Columbus, the oil and gas producer and explorer with operations in Trinidad and Suriname, is pleased to note that the current term of the Goudron Incr...

Algeria >>  7/1/2020 - The Minister of Energy, Abdelmadjid Attar, Sonatrach's CEO, Toufik Hakkar, and Eni's CEO, Claudio Descalzi, met in Algiers to discuss the progress of ...
Norway >>  7/1/2020 - Norway's Ministry of Petroleum and Energy proposes to announce nine areas in the 25th licensing round, divided into eight areas in the Barents Sea and...




Algeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.