SONATRACH, Total signs agreement
20 April 2017
SONATRACH, Algeria’s state energy company, and Total have signed a comprehensive agreement strengthening the existing partnership between the two companies. SONATRACH is an abbreviation of Société Nationale pour la Recherche, la Production, le Transport, la Transformation et la Commercialisation des Hydrocarbures.
The agreement enables SONATRACH and Total to expand their partnership by progressing new upstream projects, notably with a new contractual framework for the Timimoun project, continued joint operations for the TFT field under a new agreement and joint development of a new project.
The accord also enhances cooperation in other areas including exploration, petrochemicals, solar and international developments.
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