mardi 18 fvrier 2020 00:23:20

Sonatrach and Lukoil : “2020 should be the year of the reinforcement of the Russian presence in the Algerian energy sector”

Sonatrach and the Russian oil group Lukoil have entered into discussions to implement a strategic partnership; In addition to the development of oil fields in Algeria, the two companies plan to become involved internationally, according to Sputnik.

PUBLISHED : 22-01-2020 | 16:00
D.R

Sonatrach and the Russian oil group Lukoil have entered into discussions to implement a strategic partnership; In addition to the development of oil fields in Algeria, the two companies plan to become involved internationally, according to Sputnik.

"2020 should be the year of the reinforcement of the Russian presence in the Algerian energy sector. After Gazprom, which has been present since 2006 and has made a major gas discovery in the Berkine basin, it is Lukoil's turn to show its interest in Algeria", the same sources.

The same source states that discussions between the National Company for Research, Production, Transport, Processing and Marketing of Hydrocarbons (Sonatrach) and Lukoil began in Moscow, on the sidelines of the 21st meeting of the Gas Exporting Countries Forum (GECF), which took place in October 2019.

"The future Sonatrach-Lukoil partnership will therefore fall within the framework of the new hydrocarbon law. The issue of the attractiveness of the Algerian oil sector, particularly in its fiscal aspect, was at the heart of the legislative amendment process. The new law still imposes the principle of the so-called 51/49 rule, which allows Sonatrach to remain the majority shareholder in participation contracts as well as in production sharing contracts. It is added that "Sonatrach will continue to be the majority shareholder in participation contracts as well as in production sharing contracts.

  • Published in :
YOUR OPINION

Souhaitez-vous poster un commentaire? Pour ce faire s'il vous plaît veuillez vous inscrire ou vous Identifier

Sign on
Presedant
Suivent
 

Donnez votre avis

Aidez nous à améliorer votre site en nous envoyant vos commentaires et suggestions