Algeria’s Sonatrach has signed a $1 billion contract with India’s Larsen & Toubro to build plants to produce 11 million cubic metres of gas per day, Sonatrach’s CEO said on Monday.
Read MoreSonatrach is in talks with oil majors and trading firms to start a trading joint venture after the Algerian state energy company reached a deal this year to buy its first overseas refinery, its chief executive told Reuters.
Read MoreThe process of revising Algeria’s hydrocarbons law is “very complex, given the large number of those involved,” said state producer Sonatrach’s CEO Abdelmoumen Ould Kaddour June 4.
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