Algerie Presse Service: Council of Ministers Adopts 5 Presidential Decrees On Hydrocarbons

The Council of Ministers examined and adopted five draft presidential decrees on hydrocarbons, during a meeting chaired Tuesday by President of the Republic Abdelaziz Bouteflika.

The draft presidential decrees are related to the approval of four agreements on the exploration and exploitation of hydrorcabons, signed between the National Agency of Hydrocarbon Resource Development (ALNAFT) and the national hydrocarbon company SONATRACH, and foreign companies, in addition to an amendment to a production-sharing agreement.

The first presidential decree is relating to the exploration of hydrocarbons in the area of Boughezoul (blocks 104 d, 117, 133c, 135b and 137b) by SONATRACH group, in partnership with the foreign companies Repsol Exploration Argelia S.A and Shell Exploration New Ventures.

The second is on the exploration of hydrocarbons in the area of Timissit (block 210) by SONATRACH in partnership with the companies Statoil Sigma Netherlands BV and Shell Exploration New Ventures.
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