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(adsbygoogle = window.adsbygoogle || []).push({}); Amendment to Algerian-Italian Contract On Exploration, Exploitation Approved - Algeria latest news

Algiers — The Council of the Ministers, which met Wednesday under the chairmanship of President Abdelaziz Bouteflika approved an amendment of an Algerian-Italian contract on hydrocarbon exploration and exploitation on the perimeter Zemoul El Khbar.

"The Council of the Ministers continued the deliberations by the examination and the approval of a draft presidential decree, presented by Energy Minister on the approval of the amendment no 4 of the hydrocarbon exploration and exploitation contract on the perimeter Zemoul El Khbar (block 403.d)," said the communiqué of the Council of the Ministers.

Signed by Sonatrach with Italian company Eni-Algeria, this amendment concerns a five-year extension as from 8 July 2015, of the exploitation by the two partners of the oil deposit of Rhoude Messaoud East.

Tag(s) : #Energy

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