Generation
Sonatrach, Abraj Energy Services Sign MoU to Form Joint Venture
Algeria’s state-owned oil company Sonatrach has signed a Term Sheet Agreement with Omani oil and gas services provider Abraj Energy Services to form a joint venture (JV). The JV will specialize in drilling, well services and integrated project management.
The agreement – signed on May 6 in Algiers – aims to strengthen cooperation in the energy services sector, while enhancing economic ties between Algeria and Oman. Beyond energy services, the agreement will support knowledge transfer and expertise sharing.
The Term Sheet agreement comes after the signing of an MoU between Sonatrach and Abraj Energy Services in April 2024 to create new business opportunities and foster integrated project management in the oil and gas services sector between Oman and Algeria.
Related Articles
Parliament Committee says no need to review three ...
10 Sep, 2024 07:57
Zimbabwe’s Biggest Miners Seek $182 Million for So...
12 Sep, 2024 06:57
GreenGo Energy Expands into Namibia with Strategic...
12 Sep, 2024 07:51
OPEC Fund approves $1.2 billion for development pr...
13 Sep, 2024 08:59
Floating solar starts to gather pace in Africa, as...
13 Sep, 2024 13:18
Prominent South African energy company files for l...
16 Sep, 2024 11:00
Libyan Export Decline and Fed Speculation Propel O...
17 Sep, 2024 08:00
South Sudan says it is ready to restart pumping oi...
17 Sep, 2024 13:23
Interest grows in Africa’s oil and gas hotspot...
18 Sep, 2024 10:42