SONATRACH and the LUKOIL have signed a memorandum of understanding (MoU) to initiate discussions in order to identify the possibilities for the two parties to invest jointly in 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. Original article link Source: SONATRACH
SONATRACH and the LUKOIL have signed a memorandum of understanding (MoU) to initiate discussions in order to identify the possibilities for the two parties to invest jointly in 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.