Algeria : agreement between Sonatrach and ExxonMobil to develop hydrocarbon resources

Sonatrach announces in a statement the signing of a « memorandum of understanding » with the American giant ExxonMobil for the development of hydrocarbon resources in two gas fields in southern Algeria.

« New Perspectives for the Development of Algeria’s Mining Sector »
The two companies plan « to study existing opportunities to develop hydrocarbon resources in the Ahnet (south) and Gourara basins, » the statement said.