Wintershall Dea has signed a Memorandum of Understanding with Sonatrach, aimed toward strengthening cooperation in Algeria. The MOU agrees to discover cooperation prospects and has a time period of two years, lively as of 1st July 2020. It will present a framework for Wintershall Dea to establish and probably entry further enterprise alternatives within the nation, which is Africa’s largest gasoline producer.
The signing builds on the 2 firms’ current relationship. Wintershall Dea has been lively in Algeria since 2002, and holds a 19.5% share within the Reggane Nord concession. The challenge includes six gasoline fields prolonged over an enormous space of just about 1,800 sq. kilometres within the South-Western Sahara Desert, one of many hottest areas on earth. It is operated by Groupement Reggane Nord (GRN), a consortium comprised of Wintershall Dea, Sonatrach (40%), Repsol (29.25%) and Edison (11.25%). Following an intensive growth programme, GRN celebrated first gasoline in 2017.
Dawn Summers, Chief Operating Officer and Member of the Board chargeable for the Middle East and North Africa stated: “Wintershall Dea is properly established in Algeria by our participation within the Reggane Nord challenge. In 2020 we’re evaluating a possible improve of actions within the nation, and this MOU is a crucial step ahead.”
(Source: Wintershall DEA – Image: Pipeline building at Reggane Nord/GCB)
The put up WINTERSHALL DEA SIGNS MEMORANDUM OF UNDERSTANDING WITH SONATRACH appeared first on Energy Global News.