Algeria eyeing Exxon deal – Sonatrach CEO

Algeria will conclude its deal with Exxon Mobil Corp and set up a trade joint venture with an international company before the first half of 2019, Sonatrach’s CEO said on Monday.

“We are very optimistic and things are moving in the right direction so we will conclude with Exxon and have our trade JV,” Abdelmoumen Ould Kaddour, was quoted by Reuters to have told reporters.

He gave no further details. Sonatrach has previously said it wanted a shale gas cooperation with the U.S. major.

Source: THISDAY

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