Numhyd buys stake in Algeria play
Algerian state energy group Sonatrach signed has a deal to sell
Algerian-Tunisian joint venture Numhyd a 25% stake in Algeria's Hamra
perimeter at blocKs 220a and 220b, Sonatrach said.
It gave no details on the agreement with the company, which is 50-50 owned
and managed by Sonatrach and Tunisia's state-controlled energy company ETAP.
Numhyd will also soon buy a 30% stake from ETAP in the Nord des Chotts
perimeter on Tunisian territory, Sonatrach added in a statement posted on
its website, reported Reuters.
Numhyd and ETAP are due to sign an accord with the Tunisian government for
exploration works in the Kaboudia offshore perimeter in Tunisia, the
statement said.
28 April 2008 01:45 GMT
| last updated:
28 April 2008 01:49 GMT
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