Sonatrach, Hyundai to jointly develop oilfield in Algeria
Algiers - Qna
Algeria’s state-owned hydrocarbon giant Sonatrach and South Korea’s Hyundai group signed here on Thursday an agreement to develop El-Messana oilfield in the Algerian desert, reported Algerian news agency (APS). The deal, involving USD 167 million of investments, aims to construct the production unit of the oilfield and build a 25 km long pipeline over 30 months. The designed output capacity of the oilfield amounts to 12,000 barrels per day.
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