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 Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Oil Tumbles, Stocks Surge on Middle East Ceasefire

Oil Shoots Over $110 as Trump's Iran Deadline Looms

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

Oman’s Block 50 Offshore Drilling Ops Pushed to May

India Resumes Iranian Oil Imports After Seven-Year Hiatus

Oil Holds Steady as Supply Risks from War Persist

Bahrain Push for Hormuz Shipping Resolution Hits Hurdles at UN

Chiyoda, NYK, KNCC Target Global CCS Value Chain Development

Current News

Petra Energy Secures Work Orders from Petronas for Sarawak Gas Project

Middle East Producers Gear Up for Hormuz Export Restart

Israel Orders Restart of Ops at Karish Offshore Gas Platform

Oil Rises as Fragile Middle East Ceasefire Sustains Supply Risks

Glencore, Taiwan’s CPC Charter Tankers as Hormuz Reopens

Nam Cheong Locks In Two OSV Charters amid Tight Southeast Asia Supply

Sunda, Finder Target Shared Rig for Timor-Leste Offshore Drilling

France Leads 15-Country Effort to Reopen Strait of Hormuz

Oil Tumbles, Stocks Surge on Middle East Ceasefire

ABL Transports Northern Endeavour FPSO to Recycling Yard

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