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Friday, 05 December, 2008, 17:20 GMT | more >>

Algeria tears up Gassi Touil deal



By Upstream staff 

Repsol YPF and utility Gas Natural said today that Algeria's state-run company Sonatrach had decided to dissolve the Gassi Touil joint venture with the two Spanish companies.

Repsol and Gas Natural said they regretted Sonatrach's decision to take exclusive control of the project to explore, produce, liquefy and market the gas field, and would fight the decision through arbitration in international courts, a Reuters report said.


Monday, 03 September, 2007, 19:19 GMT  | last updated: Monday, 03 September, 2007, 19:19 GMT

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