Free Headline Alerts     
Worldwide Web WorldTribune.com
Front Cover
Daily Brief
Recent Hits
Real World Links
Opportunities
Bunker
Letters
Archives
Blog Line
World Links
Population Clock
Cartoon
Greatest Hits
Gertz File
Advertising Info
Editorial Board
Advisory Board
Contact Info
What Rush Said

  breaking... 


Thursday, February 5, 2009

Russia lands first energy deal in Algeria

LONDON Ñ A Russian energy subsidiary has won an energy exploration contract in Algeria.   

Gazprom Netherlands BV has been awarded rights to explore Algeria's onshore El Assel concession. The concession, located in the Berkine basin in Algeria, was awarded by the state-owned energy monopoly Sonatrach.

"According to provisional estimates, the recoverable oil reserves of the said area amount to some 30 million tons," Gazprom said. "El Assel includes three blocks covering a total of 3,083 square kilometers."

Also In This Edition

Executives said this marked Gazprom's first project in Algeria, a leading defense client of Moscow.

In 2006 Gazprom and Sonatrach signed a memorandum of understanding meant to promote joint energy projects in Algeria and Russia.

About Us     l    Contact Us     l    Geostrategy-Direct.com     l    East-Asia-Intel.com
Copyright © 2009    East West Services, Inc.    All rights reserved.