Media

Industry News » Algeria’s Sonatrach, Indonesia’s Pertamina sign agreement to boost partnership

Algeria’s oil and gas company, Sonatrach, on Monday signed a memorandum of understanding with Indonesia’s Pertamina to boost cooperation in upstream projects, the North African country’s state company said.

The memorandum also includes cooperation for crude oil and liquefied petroleum gas (LPG) shipping, as well as renewable energy, Sonatrach said in a statement.

OPEC member Algeria approved a new energy law in late 2019 offering incentives to foreign investors including easing the tax burden. It was aimed at improving production and exports, which have fallen in recent years due to higher domestic consumption and a lack of foreign investment.

    

Contact us

The Oriental Pro-Energy Consulting Organization (Topco)

Add:R401, Building No. 4,Guancheng Mingdundao, Guangqumenwai Street, Dongcheng District, Beijing, China

Tel :86-10-6779 7984

Fax:86-10-6779 4603

E-mail:topco@topcoevents.com

Http:www.topcoevents.com

Follow us

Return to top