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

Hormuz Reopening Risks Turning Oil Shortage Into Glut

Oil Holds Steady After US, Iran Agree to Cease Attacks

Floating Nuclear: A New Offshore Energy Frontier

Markets: Oil Majors Reload Exploration Hoppers Across Sub-Saharan Africa

ONGC Expands BP Partnership with Western Offshore Basin Services Contract

Walking Into the Future: ADNOC Drilling Unveils First AI-Powered Island Rig

Jadestone Brings First Malaysia Campaign Well Online at 3,000 bpd

Oil Falls as Signs of Hormuz Recovery Weigh on Market

Perenco Inks Gas Sales Deal for Vietnamese Offshore Field

Valeura Concludes Nong Yao Drilling Ops, Boosts Gulf of Thailand Production

Current News

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

TotalEnergies Sells Malaysia Offshore Gas Field Stake to Inpex

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

Oil Hits Four-Month Low After US-Iran Doha Talks

SLB to Support Kuwait Oil's AI and Digital Tech Initiative

Sunda Reviews Timor-Leste Appraisal Plans as New Zealand Deal Advances

TGS Gets Exclusive Rights for Seismic Survey Offshore Brunei

Petronas Unit Probes Cause of Fire at Offshore Platform in Malaysia

SBM Offshore, SWS Sign Deal for Seventh FPSO Hull

Hormuz Reopening Risks Turning Oil Shortage Into Glut

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