Sonatrach Shortlists 4 Firms for Trading Joint Venture

by Lamine Chikhi
Monday, February 11, 2019

Algeria's Sonatrach has shortlisted four firms, with only one to be selected, to set up a trading joint venture, the company's chief executive Abdelmoumene Ould Kaddour told reporters.

"Of the 14 international firms interested in a trade JV with Sonatrach, we have shortlisted four," Ould Kaddour said without giving the names of the firms.

Ould Kaddour also said he is heading to Athens on Tuesday to discuss the acquisition of a Hellenic Petroleum stake.

"I will go tomorrow to Athens to discuss the issue, this could be a very interesting acquisition for our country," Ould Kaddour told Reuters on a sideline of a signing ceremony.

Glencore Energy and Vitol Holding were shortlisted last summer to submit bids for a 50.1 percent stake in Greece's biggest refiner. Last month the Greek privatisation agency agreed for Glencore to team up with CIEP Participations, a unit of U.S.-based Carlyle Group; and for Vitol Holding to team up with Sonatrach. 

(Reuters, Reporting by Lamine Chikhi; editing by David Evans)

Categories: Shale Oil & Gas Refining

Related Stories

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

BP Adds Three Exploration Blocks off Indonesia

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Global Businesses Face Mounting $25 Billion Fallout From Iran War

ScioSense Launches UFC23 Ultrasonic Flow Converter for High-Precision, Ultra-Low-Power Smart Metering

Longitude to Integrate SynergenOG Following ABL Group Acquisition

Iraq, Pakistan Secure Oil Shipments via Hormuz with Iran Agreements

QatarEnergy, TotalEnergies and ConocoPhillips Team Up on Syria Offshore Block

FOS Picks Incat Crowther to Design Fast CTV Fleet for Shell’s Brunei Ops

Current News

Eni Inks Long-Term Indonesia LNG Supply Agreements

Indonesia Locks In LNG Supplies from Inpex' Abadi and Eni’s South Hub

Wood Secures Subsea Design Scope on QatarEnergy’s Bul Hanine Redevelopment

Oil Prices Rise as Iran Talks Stall and Inventories Shrink

Indonesia Puts 13 Oil And Gas Blocks on Bidding Round Offer

BP Adds Three Exploration Blocks off Indonesia

Indonesia Signs Eight Oil and Gas Contracts

Inpex Inks Abadi LNG Gas Supply Deal With Indonesian State Firms

Energean Cuts 2026 Output Forecast After Israel Shutdown

Wison Starts Topsides Fabrication for Türkiye’s Sakarya Deepwater FPU

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com