Algeria: Eni extends contracts under old terms
- 30 Jun 2017
| 3 minute read
A new partnership agreement between Eni and Sonatrach has extended the Italian company’s original oil and gas licence – the first ever signed between Sonatrach and an international oil company (IOC) – while preserving the terms agreed under the 1986 oil and gas law. However, there is no guarantee that other IOCs will be able to use the deal as a benchmark in their own negotiations – apart from anything else, not even the broad outlines of the agreement have been made public.
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