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

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Sapura Energy Rebrands to Vantris Energy

CNOOC Brings New Offshore Gas Field On Stream

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

China Rolls Out 17MW Floating Wind Turbine Prototype

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Current News

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Inpex Kicks Off FEED Work for Abadi LNG Scheme Offshore Indonesia

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