Oil Companies to Establish Partnerships
Posted on: Tuesday, 22 November 2005, 12:00 CST
According to anba: In the near future, Brazilian state-owned oil company Petrobras and its Algerian counterpart, Sonatrach, may operate in partnership. In January there will be a meeting between both companies, in Rio de Janeiro, to define projects of common interest. The idea is to stimulate cooperation in exploration and production of oil and gas in Brazil, Algeria, or other countries in which the companies may be interested. This was one of the results of the meetings yesterday (21), in Algiers, between the Brazilian minister of Mines and Energy, Silas Rondeau, and his Algerian colleague, Chakib Khelil, and with the president of Sonatrach, Mohamed Meziani
. In 2003, when Dilma Roussef, then minister of Mines and Energy, currently Chief of Staff, visited Algeria, a cooperation agreement was signed between both state-owned companies. Up to now, however, the treatment has not yet brought practical results, although Petrobras has practiced in tenders in Algeria between 2004 and 2005. Rondeau is participating in the Brazilian trade mission that is in Algiers. Another large Brazilian company that has its eye on Algeria is construction company Andrade Gutierrez. According to the director of Zagope, the company branch in Portugal, Cl?vis Martines, they are participating in tenders for the construction of two dams in the Arab country, one for the value of US$ 170 million and the other for US$ 40 million. "We expect good results this year," he declared.Source: Info-Prod Research (Middle East)
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