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SONATRACHSociete Nationale de Transport et de Traitement des Hydrocarbures (Algeria)
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Emerson's modernization program at the Alrar gas processing plant, in the southeast part of Algeria, is designed to help Sonatrach achieve Top Quartile performance--defined as operations and capital performance in the top 25 percent of peer companies.
Abdelmoumen Ould Kaddour, the CEO of Sonatrach said that the foreign firm will have small shares in the trade joint venture.
Le P-DG de Sonatrach, Abdelmoumen Ould Kaddour, a affirmUu[c] mercredi que la prioritUu[c] pour sa compagnie pUu[c]troliUuA re est au business, soutenant pour preuve sa premiUuA re percUu[c]e Uu l'international.
Companies providing services in the hydrocarbon sector in Algeria have received a letter from Sonatrach urging them to cut costs by 10 to 15 per cent, an industry source said.
Main markets Sonatrach's expansion are Italy/Central Europe, Spain/Portugal/France, Turkey/Iraq, West Africa and Latin America.
In December 2006, Sonatrach began delivering LNG to Bota?
L'Entreprise Nationale de Commercialisation et de Distribution des Produits Petroliers (Naftec), a unit of Sonatrach, is also to expand the inland Hassi Messaoud refinery.
Gazprom and Sonatrach had made two discoveries in the same perimeter following the drilling of RSH-2 and ZERN-1 exploration wells.
As part of this settlement, Sonatrach would take up to 5% in Gas Natural, with the utility planning to issue shares to Sonatrach in July and the decision on Medgaz to be made by the end of the year, Reuters cited informed sources as saying.
Sonatrach, BP, and Statoil jointly operate the In Salah field.
'We reached $76 billion,' Sonatrach's CEO Mohamed Meziane told reporters, without saying how much Sonatrach's foreign partners earned from their operations in the North African country.
On 11 July, the Commission and Algeria signed an agreement doing away with territorial clauses (ban on resale to neighbouring countries) in the contracts, replacing them with a mechanism for the sharing of profit margins with Sonatrach. 'The solution worked out by Algeria and the Commission reflects the considerable effort made and the constructive approach adopted by the Algerian party, which opted for flexible conditions for acceptance and application of these [territoriality] clauses,' states a Ministry for Energy press release.