Russia pumps millions of dollars into Algeria after President Tebboune visit
Algeria announced, through the state company Sonatrach, an $800 million deal with Indonesian companies Pertamina and Spanish Repsol, aimed at boosting oil production in the country over the next few years.
Today, Thursday, June 15 (2023), the Algerian Oil and Gas Company and its two companies, Pertamina and Repsol, signed an oil contract for the exploitation of the contract area in the Menzel Lajamat fields (square 405 A), according to the law regulating hydrocarbon activities.
Algeria after President Tebboune visit
Sonatrach's signing of the new contract came according to the principle of production sharing, within the framework of the memorandum of understanding signed between the three companies, on September 28, 2022, according to a statement seen by the specialized energy platform.
The Indonesian company, Pertamina, and the Spanish company, Repsol, are Sonatrach's partners in the contract for the land plot of the Lejamat and Naseer children's house (blocks 405 and 215).
Within the framework of the contract, the partnership exploits the Manzil Lajmat fields and the affiliated fields (9 fields), the Unified Urhoud field and the Unified Maraq field.
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