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Algeria’s Sonatrach, Wintershall Dea sign MoU to boost partnership

Algeria’s energy firm Sonatrach has signed a memorandum of understanding with German oil and gas company Wintershall Dea over potential cooperation in exploration and production in the OPEC member country, Sonatrach said on Monday.

The memorandum also includes talks on joint investment abroad, the state-run firm said in a statement.

Wintershall Dea has been operating in Algeria since 2002 where it has helped develop energy projects.

“This protocol aims to strengthen the existing partnership … through the search for new cooperation opportunities,” the statement said.

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About AISU

Arab Iron and Steel Union ( AISU ) was established in Algeria in 1971 as the first Arab union of Arab countries to be established under the umbrella of the Council of Economic Unity in the League of Arab States.

AISU is a non-governmental organization of a private nature, not of a political or commercial nature.

AISU works in the field of preparing studies, organizing courses and holding periodic conferences for the prosperity of the Arab iron and steel industry. The union includes a wide range of companies with multiple activities related to the iron and steel industry.

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92 Members

28 Board of Directors

17 Country

300.000 Employees

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