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Algerian, US oil contries reach agreements
Algeria-USA, Business, 4/18/2000
The Algerian Sonatrach oil company and the US Amerada Hess signed two contracts for sharing output, calling for $550 million in investments from Amerada Hess including $55 million import duty to increase crude oil recovery and reserves over 25 years and for $28.5 million for hydrocarbon research and exploitation over five years, Algerian News Agency reported.
Previous Stories:
Algerian private airline joins ATIA
(4/7/2000)
New oil discoveries in Algeria
(1/12/2000)
Canadian oil company to invest in Algeria
(11/22/1999)
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