Algeria’s national oil company, SONATRACH, and its Chinese partner, SINOPEC, have signed a Heads of Agreement aimed at outlining the framework of cooperation between the parties to assess and develop hydrocarbon resources in the Gourara and East Berkine basins.
By signing this Heads of Agreement, the parties express their willingness to bolster their existing relationship and expand their cooperation through new partnership opportunities in hydrocarbon exploration and development.
The parties will discuss the work program to agree on the evaluation and exploitation of these resources, integrating best practices for environmental preservation and responsible exploitation of natural resources.
Source: https://energynewsafrica.com
Discover more from Energy News Africa
Subscribe to get the latest posts sent to your email.